Sims (OTCMKTS:SMSMY) Hits New 12-Month High – Still a Buy?

Sims Limited (OTCMKTS:SMSMY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $9.50 and last traded at $9.50, with a volume of 530 shares traded. The stock had previously closed at $9.15.

Sims Stock Down 7.6 %

The business’s 50 day simple moving average is $8.69 and its 200 day simple moving average is $8.26. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.48 and a quick ratio of 1.06.

Sims Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $0.0633 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Sims’s previous dividend of $0.06.

About Sims

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.