Sims Metal Management (OTCMKTS:SMSMY) Shares Gap Down – Here’s What Happened

Posted by Brian Himes on Jun 8th, 2026

Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $19.50, but opened at $18.60. Sims Metal Management shares last traded at $18.60, with a volume of 468 shares.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Zacks Research lowered shares of Sims Metal Management from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Royal Bank Of Canada upgraded shares of Sims Metal Management from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 18th. Finally, The Goldman Sachs Group upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

View Our Latest Report on SMSMY

Sims Metal Management Trading Down 4.6%

The company’s 50-day moving average is $15.21 and its two-hundred day moving average is $13.86.

Sims Metal Management Company Profile

(Get Free Report)

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.