Glencore (OTCMKTS:GLNCY) Hits New 52-Week Low – Here’s What Happened

Shares of Glencore plc (OTCMKTS:GLNCY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.63 and last traded at $7.66, with a volume of 703060 shares changing hands. The stock had previously closed at $7.79.

Analyst Ratings Changes

A number of research firms have commented on GLNCY. BMO Capital Markets raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Berenberg Bank raised Glencore to a “strong-buy” rating in a research note on Tuesday, March 11th. Six equities research analysts have rated the stock with a strong buy rating, According to MarketBeat.com, Glencore currently has an average rating of “Strong Buy”.

Glencore Stock Down 1.7 %

The stock’s fifty day moving average is $8.45 and its 200-day moving average is $9.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30.

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.