Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 40,458 shares were traded during mid-day trading, an increase of 1,991% from the previous session's volume of 1,935 shares.The stock last traded at $9.00 and had previously closed at $9.20.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Sims Metal Management from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of "Sell".
Check Out Our Latest Analysis on SMSMY
Sims Metal Management Price Performance
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 firm's 50 day moving average price is $9.14 and its two-hundred day moving average price is $9.58.
Sims Metal Management Dividend Announcement
The firm also recently announced a dividend, which will be paid on Monday, October 27th. Stockholders of record on Thursday, October 2nd will be paid a $0.0688 dividend. The ex-dividend date is Wednesday, October 1st. This represents a dividend yield of 134.0%.
About Sims Metal Management
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sims Metal Management, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sims Metal Management wasn't on the list.
While Sims Metal Management currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
