Sims Metal Management (OTCMKTS:SMSMY) Rating Increased to Hold at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Sims Metal Management (OTCMKTS:SMSMY) from a moderate sell rating to a hold rating in a report published on Wednesday,Zacks.com reports.

Several other equities research analysts have also commented on SMSMY. Zacks Research lowered Sims Metal Management from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada upgraded Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, March 18th. Finally, The Goldman Sachs Group upgraded 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, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sims Metal Management has a consensus rating of “Hold”.

Sims Metal Management Stock Performance

Sims Metal Management stock opened at $20.22 on Wednesday. Sims Metal Management has a 12 month low of $8.16 and a 12 month high of $21.35. The stock’s 50 day simple moving average is $16.34 and its two-hundred day simple moving average is $14.42.

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.