Sims Metal Management Ltd. (OTCMKTS:SMSMY) Rating Increased to Conviction-Buy at Goldman Sachs Group, Inc. (The)

Sims Metal Management Ltd. (OTCMKTS:SMSMY) was upgraded by investment analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “conviction-buy” rating in a report issued on Tuesday, June 27th, The Fly reports.

Sims Metal Management (OTCMKTS SMSMY) opened at 12.343 on Tuesday. The stock’s 50 day moving average price is $9.94 and its 200 day moving average price is $9.42. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 28.245 and a beta of 1.14. Sims Metal Management has a one year low of $6.20 and a one year high of $12.24.

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Sims Metal Management Company Profile

Sims Metal Management Limited is a metals and electronics recycler. The Company is engaged in the buying, processing and selling of ferrous and non-ferrous recycled metals and the provision of solutions for the disposal of post-consumer electronic products, including information technology (IT) assets recycled for commercial customers.

The Fly

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