Sims Metal Management (OTCMKTS:SMSMY) Lowered to Strong Sell Rating by Zacks Research

Sims Metal Management (OTCMKTS:SMSMY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada upgraded shares of Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, March 18th. The Goldman Sachs Group upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Sims Metal Management Trading Up 2.4%

Sims Metal Management stock opened at $15.81 on Tuesday. Sims Metal Management has a 12-month low of $8.16 and a 12-month high of $16.95. The firm’s fifty day moving average is $14.23 and its 200 day moving average is $13.19.

Sims Metal Management Company Profile

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.