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

Glencore plc (OTCMKTS:GLNCY - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $7.90 and last traded at $7.90, with a volume of 1259761 shares changing hands. The stock had previously closed at $8.02.

Analyst Ratings Changes

Separately, BMO Capital Markets raised Glencore from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Five analysts have rated the stock with a strong buy rating, According to data from MarketBeat, Glencore presently has an average rating of "Strong Buy".

Glencore Stock Performance

The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The company's 50-day simple moving average is $8.76 and its 200-day simple moving average is $9.70.

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.