Sims Metal Management (OTCMKTS:SMSMY) Sets New 52-Week High – Still a Buy?

Sims Metal Management Ltd. (OTCMKTS:SMSMYGet Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $13.00 and last traded at $12.90, with a volume of 24114 shares. The stock had previously closed at $12.50.

Sims Metal Management Trading Up 3.2%

The company has a current ratio of 1.66, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $11.34 and a two-hundred day moving average price of $10.26.

About Sims Metal Management

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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.

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