Glencore (OTCMKTS:GLNCY) Reaches New 52-Week Low – Time to Sell?

Shares of Glencore plc (OTCMKTS:GLNCY) 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.

Analyst Ratings Changes

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

Glencore Stock Down 3.9 %

The stock has a fifty day moving average price of $8.54 and a two-hundred day moving average price of $9.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67.

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.