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

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets upgraded 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 analysts have rated the stock with a strong buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Glencore Price Performance

The stock has a 50 day simple moving average of $8.15 and a 200-day simple moving average of $9.27. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30.

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.