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

Glencore plc (OTCMKTS:GLNCY) hit a new 52-week low during trading on Thursday . The stock traded as low as $6.77 and last traded at $6.78, with a volume of 1752351 shares traded. The stock had previously closed at $7.32.

Wall Street Analysts Forecast Growth

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

Glencore Trading Down 11.5 %

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 fifty day moving average price is $8.15 and its 200-day moving average price is $9.27.

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.