Sims Metal Management (OTCMKTS:SMSMY) Stock Price Down 4.2% - Time to Sell?

Key Points

• Sims Metal Management shares fell 4.2% to $14.50 on Monday on light trading, with only 2,039 shares changing hands (down 66% from the average session volume of 5,980).
• Analysts have recently upgraded the stock—Goldman Sachs moved it from "strong sell" to "hold" and RBC to "moderate buy"—leaving an average rating of Moderate Buy (1 Buy, 1 Hold).
• The company shows healthy liquidity (current ratio 1.66, quick ratio 1.13) and low leverage (debt-to-equity 0.20), and the stock is trading above both its 50‑day ($14.21) and 200‑day ($11.67) moving averages.

Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report) shares fell 4.2% on Monday . The company traded as low as $14.50 and last traded at $14.50. 2,039 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 5,980 shares. The stock had previously closed at $15.13.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group upgraded Sims Metal Management from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 10th. Royal Bank Of Canada upgraded Sims Metal Management from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Sims Metal Management Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20. The company's 50 day moving average price is $14.21 and its 200-day moving average price is $11.67.

About Sims Metal Management

Sims Metal Management, trading over-the-counter under the symbol SMSMY, is the global metal recycling division of Sims Limited. Established in the early 20th century, the company has grown into one of the world's leading recyclers of ferrous and non-ferrous metals. It serves a diverse customer base, including steel mills, foundries, manufacturers and fabricators, by collecting, processing and trading scrap metal commodities.

The company's core activities encompass the sourcing and processing of end-of-life metal products.

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