Glencore (OTCMKTS:GLNCY) Reaches New 52-Week Low – Should You Sell?

Glencore plc (OTCMKTS:GLNCY) hit a new 52-week low on Wednesday . The stock traded as low as $8.12 and last traded at $8.20, with a volume of 2487786 shares changing hands. The stock had previously closed at $8.75.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. BMO Capital Markets raised Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Hsbc Global Res raised Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Five analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Glencore Trading Down 6.3 %

The business’s fifty day simple moving average is $8.93 and its 200-day simple moving average is $9.80. The company has a current ratio of 1.30, a quick ratio of 0.67 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.