Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report) shares were up 9.4% during mid-day trading on Friday . The company traded as high as $11.60 and last traded at $11.60. Approximately 3,561 shares traded hands during trading, an increase of 67% from the average daily volume of 2,138 shares. The stock had previously closed at $10.60.
Analyst Ratings Changes
SMSMY has been the subject of several analyst reports. The Goldman Sachs Group downgraded shares of Sims Metal Management from a "hold" rating to a "strong sell" rating in a research note on Friday, April 4th. Wall Street Zen downgraded shares of Sims Metal Management from a "buy" rating to a "hold" rating in a research note on Friday.
View Our Latest Stock Report on Sims Metal Management
Sims Metal Management Price Performance
The firm's fifty day moving average is $10.10 and its two-hundred day moving average is $9.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.55 and a quick ratio of 0.99.
About Sims Metal Management
(
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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.
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