Sims Metal Management (OTCMKTS:SMSMY) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Sims Metal Management has been downgraded from a "buy" to a "hold" rating by investment analysts at Wall Street Zen.
• The company's stock opened at $11.00, with a 1-year price range between $6.34 and $11.85.
• Sims Metal Management specializes in buying, processing, and selling ferrous and non-ferrous recycled metals in multiple countries, including the United States and Australia.

Wall Street Zen lowered shares of Sims Metal Management (OTCMKTS:SMSMY - Free Report) from a buy rating to a hold rating in a research report report published on Sunday morning.

Sims Metal Management Stock Performance

SMSMY stock remained flat at $11.00 during trading on Friday. The company had a trading volume of 91 shares, compared to its average volume of 904. Sims Metal Management has a 1 year low of $6.34 and a 1 year high of $11.85. The company has a fifty day simple moving average of $10.32 and a 200-day simple moving average of $9.47. The company has a quick ratio of 0.99, a current ratio of 1.55 and a debt-to-equity ratio of 0.11.

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.