Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Up – What’s Next?

Sims Metal Management Ltd. (OTCMKTS:SMSMY) gapped up prior to trading on Wednesday . The stock had previously closed at $9.90, but opened at $10.41. Sims Metal Management shares last traded at $10.41, with a volume of 100 shares trading hands.

Analyst Ratings Changes

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

Sims Metal Management Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $9.26 and a 200 day moving average price of $9.74.

Sims Metal Management Announces Dividend

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