Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.58 and traded as low as $9.25. Sims Metal Management shares last traded at $9.42, with a volume of 2,025 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Sims Metal Management from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sims Metal Management presently has an average rating of “Sell”.
Read Our Latest Research Report on SMSMY
Sims Metal Management Stock Up 5.4%
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.
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