Glencore (OTCMKTS:GLNCY) Reaches New 1-Year Low – Here’s Why

Shares of Glencore plc (OTCMKTS:GLNCY) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.90 and last traded at $7.90, with a volume of 1259761 shares trading hands. The stock had previously closed at $8.02.

Analyst Upgrades and Downgrades

GLNCY has been the topic of several recent research reports. Hsbc Global Res raised Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. BMO Capital Markets upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Five analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, the company presently has a consensus 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 business’s 50-day simple moving average is $8.82 and its two-hundred day simple moving average is $9.75.

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.