Shares of Sims Metal Management Ltd (OTCMKTS:SMSMY) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.30 and traded as low as $6.55. Sims Metal Management shares last traded at $6.67, with a volume of 5,800 shares.
Separately, ValuEngine upgraded Sims Metal Management from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.
The firm has a fifty day moving average price of $7.24 and a 200-day moving average price of $7.16.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Wednesday, October 2nd.
About Sims Metal Management (OTCMKTS:SMSMY)
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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