Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $20.5750, but opened at $19.20. Sims Metal Management shares last traded at $19.20, with a volume of 4,830 shares.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on SMSMY. The Goldman Sachs Group raised Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Jefferies Financial Group raised Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. Royal Bank Of Canada upgraded Sims Metal Management from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 18th. Finally, Zacks Research lowered Sims Metal Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on SMSMY
Sims Metal Management Trading Down 6.7%
About Sims Metal Management
Sims Metal Management, trading over-the-counter under the symbol SMSMY, is the global metal recycling division of Sims Limited. Established in the early 20th century, the company has grown into one of the world’s leading recyclers of ferrous and non-ferrous metals. It serves a diverse customer base, including steel mills, foundries, manufacturers and fabricators, by collecting, processing and trading scrap metal commodities.
The company’s core activities encompass the sourcing and processing of end-of-life metal products.
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