Shares of SMS fell by 1.76% or $-0.343/share to $19.11. Sims Metal Management Limited is trading at a price to book ratio of 1.28. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 1.2. The price to sales ratio came in at 0.46. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 64175 shares of SMS exchange hands on a given day and today's volume is recorded at 27164. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
Sims Metal Management Limited is a metals recycling company.
