Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Up – Here’s What Happened

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $17.53, but opened at $19.40. Sims Metal Management shares last traded at $19.40, with a volume of 182 shares trading hands.

Analyst Ratings Changes

Several research firms have weighed in on SMSMY. Jefferies Financial Group upgraded Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. Zacks Research raised Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Sims Metal Management Price Performance

The company has a quick ratio of 0.95, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $18.57 and a 200 day moving average price of $15.82.

About Sims Metal Management

Sims Metal Management, trading over-the-counter under the symbol SMSMY, is the global metal recycling division of Sims Limited. Established in the early 20th century, the company has grown into one of the world’s leading recyclers of ferrous and non-ferrous metals. It serves a diverse customer base, including steel mills, foundries, manufacturers and fabricators, by collecting, processing and trading scrap metal commodities.

The company’s core activities encompass the sourcing and processing of end-of-life metal products.