Glencore (OTCMKTS:GLNCY) Reaches New 1-Year Low – Time to Sell?

Glencore plc (OTCMKTS:GLNCY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.12 and last traded at $8.20, with a volume of 2487786 shares traded. The stock had previously closed at $8.75.

Analyst Upgrades and Downgrades

GLNCY has been the topic of a number of research reports. BMO Capital Markets raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Hsbc Global Res raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Five equities research analysts have rated the stock with a strong buy rating, According to MarketBeat.com, Glencore presently has an average rating of “Strong Buy”.

Glencore Stock Performance

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30. The firm’s 50 day moving average is $8.84 and its 200 day moving average is $9.76.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.