Wall Street Zen cut shares of Sims Metal Management (OTCMKTS:SMSMY - Free Report) from a buy rating to a hold rating in a report issued on Friday.
Separately, The Goldman Sachs Group lowered Sims Metal Management from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th.
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Sims Metal Management Stock Performance
Shares of SMSMY stock traded down $1.10 during mid-day trading on Friday, hitting $10.50. 3,830 shares of the stock were exchanged, compared to its average volume of 1,223. The stock's fifty day simple moving average is $10.10 and its two-hundred day simple moving average is $9.23. Sims Metal Management has a 12-month low of $6.34 and a 12-month high of $11.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.99 and a current ratio of 1.55.
About Sims Metal Management
(
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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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