Sims Metal Management (OTCMKTS:SMSMY) Trading 8.3% Higher - Should You Buy?

Key Points

• Sims Metal Management's stock increased by 8.3%, trading at $11.45 after closing at $10.58.
• Analysts have conflicting views, with Goldman Sachs downgrading the stock to "strong sell" while Wall Street Zen upgraded it to "buy."
• The company has solid liquidity ratios, including a current ratio of 1.55 and a debt-to-equity ratio of 0.11, indicating a healthy financial position.

Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report)'s stock price was up 8.3% during trading on Tuesday . The stock traded as high as $11.45 and last traded at $11.45. Approximately 100 shares traded hands during trading, a decline of 95% from the average daily volume of 2,027 shares. The stock had previously closed at $10.58.

Analyst Ratings Changes

Several equities research analysts recently commented on SMSMY shares. Wall Street Zen upgraded Sims Metal Management from a "hold" rating to a "buy" rating in a report on Thursday, July 24th. The Goldman Sachs Group cut Sims Metal Management from a "hold" rating to a "strong sell" rating in a research note on Friday, April 4th.

Sims Metal Management Trading Up 4.0%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.55 and a quick ratio of 0.99. The business has a 50 day simple moving average of $10.26 and a 200 day simple moving average of $9.41.

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.