Shares of SMS traded higher by 5.96% or $0.9/share to $16.01. Sims Metal Management Limited is trading at a price to book ratio of 1.02. 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 1.07 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.37. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 95569 shares of SMS exchange hands on a given day and today's volume is recorded at 131265. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Sims Metal Management Limited is a metals recycling company.
