Sims Metal Management (OTCMKTS:SMSMY) Sees Strong Trading Volume – Time to Buy?

Sims Metal Management Ltd. (OTCMKTS:SMSMYGet Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 19,652 shares were traded during mid-day trading, an increase of 879% from the previous session’s volume of 2,007 shares.The stock last traded at $11.86 and had previously closed at $11.87.

Sims Metal Management Stock Down 0.1%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.66. The company has a 50 day moving average price of $10.17 and a 200 day moving average price of $9.93.

Sims Metal Management Announces Dividend

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

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.

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