Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Up – Should You Buy?

Sims Metal Management Ltd. (OTCMKTS:SMSMY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $9.6750, but opened at $10.25. Sims Metal Management shares last traded at $10.25, with a volume of 120 shares changing hands.

Wall Street Analyst Weigh In

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.com, the company presently has a consensus rating of “Sell”.

Sims Metal Management Price Performance

The business has a fifty day moving average price of $9.43 and a 200-day moving average price of $9.77. The company has a current ratio of 1.66, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20.

Sims Metal Management Dividend Announcement

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

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.