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

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

Analyst Upgrades and Downgrades

GLNCY has been the subject of several research reports. BMO Capital Markets raised Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Barclays upgraded Glencore to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Five investment analysts have rated the stock with a strong buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

Glencore Trading Up 0.5 %

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

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.