Sims Metal Management Ltd (OTCMKTS:SMSMY)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.31 and traded as low as $8.48. Sims Metal Management shares last traded at $8.48, with a volume of 233 shares trading hands.
SMSMY has been the topic of several research analyst reports. Citigroup raised Sims Metal Management from a “neutral” rating to a “buy” rating in a research note on Thursday, June 13th. ValuEngine raised Sims Metal Management from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.
The firm has a 50 day moving average of $7.27 and a two-hundred day moving average of $7.31.
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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