The Goldman Sachs Group upgraded shares of Sims Metal Management (OTCMKTS:SMSMY – Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.
Sims Metal Management Trading Down 2.8%
Shares of SMSMY opened at $12.73 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.66 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $14.03 and its two-hundred day simple moving average is $11.43. Sims Metal Management has a 12 month low of $7.30 and a 12 month high of $16.95.
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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