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

Glencore plc (OTCMKTS:GLNCY) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $8.49 and last traded at $8.53, with a volume of 770051 shares. The stock had previously closed at $8.80.

Wall Street Analyst Weigh In

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

Glencore Trading Down 3.1 %

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 stock has a fifty day moving average price of $9.20 and a 200-day moving average price of $10.08.

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.