Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $9.60, but opened at $10.00. Sims Metal Management shares last traded at $10.00, with a volume of 1,000 shares trading hands.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group downgraded shares of Sims Metal Management from a "hold" rating to a "strong sell" rating in a research report on Friday, April 4th.
Get Our Latest Research Report on SMSMY
Sims Metal Management Price Performance
The business's 50-day moving average price is $9.62 and its 200 day moving average price is $8.86.
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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