Sims Metal Management (OTCMKTS:SMSMY) Stock Rating Upgraded by Royal Bank Of Canada

Sims Metal Management (OTCMKTS:SMSMY) was upgraded by investment analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a report released on Wednesday,Zacks.com reports.

Separately, 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. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Sims Metal Management Trading Up 6.1%

Shares of SMSMY opened at $15.13 on Wednesday. Sims Metal Management has a fifty-two week low of $7.30 and a fifty-two week high of $16.95. The firm’s 50-day simple moving average is $14.17 and its two-hundred day simple moving average is $11.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.66.

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.