Glencore (OTCMKTS:GLNCY) Sets New 12-Month Low – Here’s Why

Glencore plc (OTCMKTS:GLNCY)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $7.63 and last traded at $7.66, with a volume of 703060 shares changing hands. The stock had previously closed at $7.79.

Analyst Ratings Changes

Several research firms have weighed in on GLNCY. Berenberg Bank upgraded shares of Glencore to a “strong-buy” rating in a report on Tuesday, March 11th. BMO Capital Markets raised Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Six investment analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Glencore Stock Down 2.1 %

The company’s fifty day moving average price is $8.38 and its two-hundred day moving average price is $9.36. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 0.69.

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.