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

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

Analyst Ratings Changes

Several research analysts recently issued reports on the company. BMO Capital Markets raised Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Barclays upgraded Glencore to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Hsbc Global Res raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Five analysts have rated the stock with a strong buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Glencore Stock Down 3.1 %

The stock has a 50 day simple moving average of $9.20 and a two-hundred day simple moving average of $10.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30.

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.