Sims Metal Management (OTCMKTS:SMSMY) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Sims Metal Management's stock price dropped below its 200-day moving average, trading as low as $9.25 and last at $9.42.
• Wall Street Zen has downgraded the stock from a "buy" rating to a "hold" rating, contributing to an average analyst rating of "Sell."
• The company has reported a 5.4% increase in stock price recently and maintains a quick ratio of 0.99, indicating stable liquidity.

Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.58 and traded as low as $9.25. Sims Metal Management shares last traded at $9.42, with a volume of 2,025 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of 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, Based on data from MarketBeat, Sims Metal Management currently has an average rating of "Sell".

Sims Metal Management Stock Performance

The company has a 50-day simple moving average of $10.15 and a 200 day simple moving average of $9.60. The company has a quick ratio of 0.99, a current ratio of 1.55 and a debt-to-equity ratio of 0.11.

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.