What’s Next for Sims Metal Management Ltd After Today’s Huge Increase?

 What's Next for Sims Metal Management Ltd After Today's Huge Increase?

The stock of Sims Metal Management Ltd (ASX:SGM) is a huge mover today! The stock increased 2.08% or $0.25 on November 18, hitting $12.28. About 1.37M shares traded hands or 1.48% up from the average. Sims Metal Management Ltd (ASX:SGM) has risen 30.64% since April 22, 2016 and is uptrending. It has outperformed by 26.21% the S&P500.
The move comes after 8 months positive chart setup for the $2.36 billion company. It was reported on Nov, 18 by Barchart.com. We have $17.19 PT which if reached, will make ASX:SGM worth $944.00 million more.

More notable recent Sims Metal Management Ltd (ASX:SGM) news were published by: Marketwatch.com which released: “Sims Metal Management Ltd. ADR” on November 20, 2013, also Reuters.com with their article: “BRIEF-Sims Metal Management says sale of assets in North America Metals, C…” published on August 12, 2016, Fool.com.Au published: “Sims Metal Management Ltd reports: Is it out of the woods yet?” on August 25, 2016. More interesting news about Sims Metal Management Ltd (ASX:SGM) were released by: Fool.com.Au and their article: “Sims Metal Management Ltd hits 52-week low. Is it a buy?” published on July 27, 2015 as well as Seekingalpha.com‘s news article titled: “Sims Metal Management’s (SMSMY) CEO Galdino Claro on Q2 2016 Results …” with publication date: February 20, 2016.

Sims Metal Management Limited is a metals and electronics recycler. The company has a market cap of $2.36 billion. The Firm is engaged in the buying, processing and selling of ferrous and non-ferrous recycled metals and the provision of solutions for the disposal of post-consumer electronic products, including information technology assets recycled for commercial customers. It currently has negative earnings. The Firm operates through four divisions: North America Metals, Australia/New Zealand (ANZ) Metals, Europe Metals and Global E-Recycling.

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