The Goldman Sachs Group cut shares of Sims (OTCMKTS:SMSMY – Free Report) from a hold rating to a strong sell rating in a research report sent to investors on Friday,Zacks.com reports.
Sims Stock Down 10.5 %
SMSMY opened at $8.33 on Friday. The company has a fifty day moving average price of $8.91 and a two-hundred day moving average price of $8.45. The company has a quick ratio of 1.06, a current ratio of 1.48 and a debt-to-equity ratio of 0.20. Sims has a 1-year low of $6.34 and a 1-year high of $10.19.
Sims Increases Dividend
The company also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $0.0633 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Sims’s previous dividend of $0.06.
Sims Company Profile
Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally. The company operates through six segments: North America Metals, Investment in SA Recycling, Australia/New Zealand Metals, UK Metals, Global Trading, and Sims Lifecycle Services.
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