Sims (OTCMKTS:SMSMY) Lowered to "Strong Sell" Rating by The Goldman Sachs Group

The Goldman Sachs Group downgraded 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, MarketBeat reports.

Sims Stock Up 1.2 %

Sims stock traded up $0.09 during midday trading on Friday, reaching $7.89. The stock had a trading volume of 1,551 shares, compared to its average volume of 1,220. The stock's 50-day simple moving average is $8.87 and its 200 day simple moving average is $8.46. Sims has a twelve month low of $6.34 and a twelve month high of $10.19. 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 was paid on Monday, March 31st. Investors 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 an increase 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.