Sims Metal Management (ASX:SGM) Shares Pass Below Fifty Day Moving Average of $10.38

Shares of Sims Metal Management Ltd (ASX:SGM) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.38 and traded as low as $9.54. Sims Metal Management shares last traded at $9.67, with a volume of 391,114 shares traded.

The stock’s 50-day moving average is A$10.38 and its 200-day moving average is A$10.46. The firm has a market capitalization of $1.96 billion and a price-to-earnings ratio of 10.63. The company has a current ratio of 1.99, a quick ratio of 1.14 and a debt-to-equity ratio of 2.77.

Sims Metal Management Company Profile (ASX:SGM)

Sims Metal Management Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals. The company operates through five segments: North America Metals, Investment in SA Recycling, Australia/New Zealand, Metals, Europe Metals, and Global E-Recycling. It is involved in the collection, processing, and trading of iron and steel secondary raw materials; and other metal alloys and residues, principally aluminum, lead, copper, zinc, and nickel bearing materials.

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