Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) traded down 10% on Wednesday . The company traded as low as $18.01 and last traded at $18.01. Approximately 101 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 5,605 shares. The stock had previously closed at $20.02.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on SMSMY. The Goldman Sachs Group raised shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Royal Bank Of Canada raised shares of Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, March 18th. Zacks Research upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Jefferies Financial Group upgraded shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sims Metal Management presently has a consensus rating of “Hold”.
View Our Latest Stock Report on Sims Metal Management
Sims Metal Management Stock Performance
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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