Glencore (OTCMKTS:GLNCY) Reaches New 1-Year Low – Here’s Why

Glencore plc (OTCMKTS:GLNCY)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $7.84 and last traded at $8.02, with a volume of 593677 shares traded. The stock had previously closed at $8.08.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets raised shares of 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, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Glencore Price Performance

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30. The firm has a fifty day simple moving average of $8.72 and a two-hundred day simple moving average of $9.66.

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.