Sims Metal Management (OTCMKTS:SMSMY) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Sims Metal Management's stock price has fallen below its 200-day moving average, trading at $9.36 with a recent low of $9.36 during trading sessions.
• Analyst ratings for Sims Metal Management were downgraded from a "buy" to a "hold", with the stock currently having a consensus rating of "Sell."
• The company operates in the recycling industry, engaging in the buying, processing, and selling of both ferrous and non-ferrous metals across multiple countries, including Australia and the United States.

Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.56 and traded as low as $9.36. Sims Metal Management shares last traded at $9.36, with a volume of 5,580 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Sims Metal Management from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Sims Metal Management has an average rating of "Sell".

Sims Metal Management Stock Down 0.4%

The business has a 50 day moving average price of $10.23 and a two-hundred day moving average price of $9.59. 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

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.