Glencore (OTCMKTS:GLNCY) Sets New 12-Month Low – Here’s What Happened

Glencore plc (OTCMKTS:GLNCY)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $6.77 and last traded at $6.78, with a volume of 1752351 shares changing hands. The stock had previously closed at $7.32.

Analyst Upgrades and Downgrades

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

Glencore Stock Down 7.4 %

The company’s 50-day moving average price is $8.27 and its two-hundred day moving average price is $9.31. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.67.

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.