Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Up – Should You Buy?

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $9.90, but opened at $10.41. Sims Metal Management shares last traded at $10.41, with a volume of 100 shares trading hands.

Analysts Set New Price Targets

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

Sims Metal Management Trading Up 1.9%

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.66 and a quick ratio of 1.13. The stock’s fifty day moving average price is $9.33 and its two-hundred day moving average price is $9.76.

Sims Metal Management Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 2nd were given a dividend of $0.0688 per share. This represents a dividend yield of 134.0%. The ex-dividend date 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.