Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report)'s share price dropped 4% on Thursday . The stock traded as low as $9.38 and last traded at $9.38. Approximately 1,032 shares changed hands during trading, a decline of 51% from the average daily volume of 2,086 shares. The stock had previously closed at $9.77.
Analyst Ratings Changes
Separately, The Goldman Sachs Group downgraded Sims Metal Management from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th.
Read Our Latest Research Report on SMSMY
Sims Metal Management Stock Up 0.6%
The stock's 50 day moving average price is $9.70 and its two-hundred day moving average price is $8.89.
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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