Glencore (LON:GLEN) Stock Price Down 2.3% - Time to Sell?

Shares of Glencore plc (LON:GLEN - Get Free Report) fell 2.3% on Tuesday . The company traded as low as GBX 383.20 ($4.89) and last traded at GBX 385.90 ($4.92). 22,107,077 shares changed hands during trading, a decline of 33% from the average session volume of 33,058,613 shares. The stock had previously closed at GBX 394.85 ($5.04).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on Glencore from GBX 530 ($6.76) to GBX 500 ($6.38) and set a "buy" rating for the company in a report on Monday, September 9th.

Glencore Stock Performance

The stock's fifty day simple moving average is GBX 400.49 and its 200-day simple moving average is GBX 425.33. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 89.50. The company has a market capitalization of £46.60 billion, a PE ratio of -12,775.00, a PEG ratio of 0.43 and a beta of 1.21.

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.