Glencore (OTCMKTS:GLNCY) Reaches New 1-Year Low - Should You Sell?

Glencore plc (OTCMKTS:GLNCY - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $7.66 and last traded at $7.69, with a volume of 1071491 shares. The stock had previously closed at $8.00.

Analysts Set New Price Targets

GLNCY has been the topic of several research reports. Berenberg Bank upgraded Glencore to a "strong-buy" rating in a research report on Tuesday, March 11th. BMO Capital Markets raised shares of Glencore from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Six research analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".

Glencore Stock Up 1.3 %

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 price of $8.50 and a 200-day moving average price of $9.41.

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.