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Sims (OTCMKTS:SMSMY) Shares Cross Above 50 Day Moving Average - Here's Why

Sims logo with Business Services background

Sims Limited (OTCMKTS:SMSMY - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.42 and traded as high as $10.09. Sims shares last traded at $10.09, with a volume of 507 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of Sims from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th.

View Our Latest Analysis on SMSMY

Sims Stock Down 0.1%

The company's 50 day moving average price is $9.42 and its 200-day moving average price is $8.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.48.

Sims Company Profile

(Get Free Report)

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.

Further Reading

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