Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $15.81, but opened at $15.11. Sims Metal Management shares last traded at $16.15, with a volume of 1,317 shares trading hands.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on SMSMY shares. Zacks Research downgraded Sims Metal Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Royal Bank Of Canada upgraded Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, March 18th. Finally, The Goldman Sachs Group upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.
Get Our Latest Research Report on SMSMY
Sims Metal Management Trading Up 4.4%
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.
Featured Stories
- Five stocks we like better than Sims Metal Management
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Receive News & Ratings for Sims Metal Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sims Metal Management and related companies with MarketBeat.com's FREE daily email newsletter.
