Sims Metal Management (OTCMKTS:SMSMY) Shares Up 11.8% – Here’s What Happened

Sims Metal Management Ltd. (OTCMKTS:SMSMYGet Free Report) shot up 11.8% during mid-day trading on Tuesday . The company traded as high as $10.82 and last traded at $10.82. 262 shares were traded during trading, a decline of 87% from the average session volume of 2,034 shares. The stock had previously closed at $9.6750.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Sims Metal Management from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

View Our Latest Stock Report on Sims Metal Management

Sims Metal Management Trading Up 6.0%

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.66 and a quick ratio of 1.13. The firm’s 50-day moving average is $9.39 and its 200 day moving average is $9.77.

Sims Metal Management Announces Dividend

The business also recently declared a dividend, which was paid on Monday, October 27th. Investors of record on Thursday, October 2nd were paid a $0.0688 dividend. The ex-dividend date was Wednesday, October 1st. This represents a yield of 134.0%.

About Sims Metal Management

(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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