The Goldman Sachs Group Downgrades Sims (OTCMKTS:SMSMY) to Strong Sell

Sims (OTCMKTS:SMSMY) was downgraded by analysts at The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Sims Stock Down 10.5 %

Shares of OTCMKTS SMSMY opened at $8.33 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. Sims has a one year low of $6.34 and a one year high of $10.19. The firm’s 50 day simple moving average is $8.91 and its two-hundred day simple moving average is $8.45.

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.