Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Up - Still a Buy?

Key Points

• Sims Metal Management shares gapped up significantly from $8.75 to $9.74 during market opening, reflecting a notable market interest.
• Wall Street Zen has dropped the rating of Sims Metal Management from "buy" to "hold," indicating a more cautious outlook among analysts.
• The company operates in multiple international markets, focusing on buying, processing, and selling recycled metals across various segments, including North America and Australia.

Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $8.75, but opened at $9.74. Sims Metal Management shares last traded at $9.74, with a volume of 215 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Sims Metal Management from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sims Metal Management has an average rating of "Sell".

Sims Metal Management Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.66 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $9.82 and a 200 day moving average price of $9.63.

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.