Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Up – Time to Buy?

Sims Metal Management Ltd. (OTCMKTS:SMSMY) gapped up before the market opened on Tuesday. The stock had previously closed at $13.42, but opened at $14.35. Sims Metal Management shares last traded at $14.35, with a volume of 176 shares traded.

Sims Metal Management Price Performance

The stock has a fifty day moving average price of $16.52 and a 200-day moving average price of $16.13. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.20.

About Sims Metal Management

Sims Metal Management, now operating as Sims Limited, is a global metal recycling company that collects, processes and markets ferrous and nonferrous scrap metal. Its materials are sourced from industrial, commercial, construction, demolition and end-of-life consumer products, then processed for reuse by steel mills, foundries and other manufacturers.

The company also provides electronics recycling and asset recovery services. These activities include the collection, dismantling and responsible processing of end-of-life computers, telecommunications equipment, appliances and other electronic products, with an emphasis on recovering usable metals and managing regulated materials.

Founded in Australia in 1917, the company has expanded into an international recycling business serving customers and suppliers across Australia and New Zealand, North America, the United Kingdom and Europe.