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

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

Analysts Set New Price Targets

Separately, BMO Capital Markets raised Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Five analysts have rated the stock with a strong buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Glencore Trading Down 1.4 %

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 has a 50-day moving average of $8.78 and a 200 day moving average of $9.71.

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.