Glencore (OTCMKTS:GLNCY) Reaches New 52-Week Low – Time to Sell?

Shares of Glencore plc (OTCMKTS:GLNCY) reached 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. The stock had previously closed at $8.02.

Analysts Set New Price Targets

Separately, BMO Capital Markets upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Five research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, Glencore has an average rating of “Strong Buy”.

Glencore Price Performance

The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average of $8.78 and a 200 day moving average of $9.71.

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.