Sims Metal Management (OTCMKTS:SMSMY) Sees Strong Trading Volume – Should You Buy?

Sims Metal Management Ltd. (OTCMKTS:SMSMY) shares saw strong trading volume on Wednesday . 4,005 shares changed hands during mid-day trading, an increase of 96% from the previous session’s volume of 2,046 shares.The stock last traded at $10.82 and had previously closed at $10.0550.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Sims Metal Management from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sims Metal Management has a consensus rating of “Sell”.

Sims Metal Management Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.66. The firm has a 50 day moving average of $9.43 and a two-hundred day moving average of $9.77.

Sims Metal Management Announces Dividend

The company also recently announced a dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 2nd were issued a $0.0688 dividend. This represents a dividend yield of 134.0%. The ex-dividend date of this dividend was Wednesday, October 1st.

About Sims Metal Management

Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally. The company operates through six segments: North America Metals, Investment in SA Recycling, Australia/New Zealand Metals, UK Metals, Global Trading, and Sims Lifecycle Services.