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

Glencore plc (OTCMKTS:GLNCY) hit a new 52-week low during trading on Tuesday . The company traded as low as $8.29 and last traded at $8.41, with a volume of 944713 shares changing hands. The stock had previously closed at $8.63.

Wall Street Analysts Forecast Growth

GLNCY has been the topic of a number of recent research reports. Barclays upgraded shares of Glencore to a “strong-buy” rating in a research report on Wednesday, October 16th. Hsbc Global Res upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, BMO Capital Markets raised Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Five investment analysts have rated the stock with a strong buy rating, According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Glencore Price Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67. The company’s fifty day moving average is $9.14 and its two-hundred day moving average is $10.00.

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.