Sims Metal Management (OTCMKTS:SMSMY) Sees Unusually-High Trading Volume – Should You Buy?

by · The Cerbat Gem

Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) saw an uptick in trading volume on Wednesday . 19,652 shares were traded during trading, an increase of 879% from the previous session’s volume of 2,007 shares.The stock last traded at $11.86 and had previously closed at $11.87.

Sims Metal Management Stock Up 0.3%

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.66 and a quick ratio of 1.13. The business’s fifty day moving average is $10.29 and its two-hundred day moving average is $9.96.

Sims Metal Management Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 2nd were issued a dividend of $0.0688 per share. This represents a dividend yield of 134.0%. The ex-dividend date of this dividend was Wednesday, October 1st.

About Sims Metal Management

(Get Free Report)

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.

Further Reading