Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Down - Should You Sell?

Key Points

• Sims Metal Management's share price experienced a significant gap down, opening at $8.75 after closing at $9.17.
• Analysts have downgraded the stock from a "buy" to a "hold" rating, with an average rating of "Sell" according to MarketBeat.
• The company operates in the recycling of ferrous and non-ferrous metals globally, with various segments across different regions.

Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $9.17, but opened at $8.75. Sims Metal Management shares last traded at $8.75, with a volume of 100 shares.

Analyst Ratings Changes

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 research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".

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 has a fifty day moving average of $9.98 and a 200-day moving average of $9.62.

Sims Metal Management Company Profile

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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