Glencore (OTCMKTS:GLNCY) Hits New 12-Month Low – Should You Sell?

Glencore plc (OTCMKTS:GLNCY)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.29 and last traded at $8.41, with a volume of 944713 shares trading hands. The stock had previously closed at $8.63.

Wall Street Analyst Weigh In

Several brokerages recently commented on GLNCY. Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Barclays upgraded Glencore to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets upgraded Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Five research analysts have rated the stock with a strong buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Glencore Stock Up 0.5 %

The firm has a 50-day moving average price of $9.10 and a 200 day moving average price of $9.96. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67.

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.