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

Glencore plc (OTCMKTS:GLNCY)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $7.66 and last traded at $7.69, with a volume of 1071491 shares changing hands. The stock had previously closed at $8.00.

Wall Street Analyst Weigh In

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

Glencore Stock Down 3.9 %

The stock has a 50-day simple moving average of $8.54 and a 200-day simple moving average of $9.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30.

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.