Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get 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%
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
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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