Glencore (OTCMKTS:GLNCY) Reaches New 1-Year Low – Here’s Why

Glencore plc (OTCMKTS:GLNCY)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $7.66 and last traded at $7.69, with a volume of 1071491 shares. The stock had previously closed at $8.00.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GLNCY. Berenberg Bank upgraded shares of Glencore to a “strong-buy” rating in a report on Tuesday, March 11th. BMO Capital Markets raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Six analysts have rated the stock with a strong buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy”.

Glencore Trading Down 3.9 %

The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The firm’s 50 day moving average is $8.52 and its two-hundred day moving average is $9.43.

Glencore Company Profile

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.