Glencore (OTCMKTS:GLNCY) Sets New 52-Week Low - Here's Why

Shares of Glencore plc (OTCMKTS:GLNCY - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.29 and last traded at $8.41, with a volume of 944713 shares trading hands. The stock had previously closed at $8.63.

Analyst Ratings Changes

Several research firms recently commented on GLNCY. Barclays upgraded shares of Glencore to a "strong-buy" rating in a research note on Wednesday, October 16th. BMO Capital Markets raised shares of Glencore from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Finally, Hsbc Global Res upgraded shares of Glencore from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Five analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, the company has a consensus rating of "Strong Buy".

Glencore Stock Up 1.4 %

The stock has a fifty day moving average of $9.07 and a two-hundred day moving average of $9.93. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

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.