Glencore PLC (OTCMKTS:GLNCY – Get Free Report) fell 4.1% on Monday. The stock traded as low as $14.80 and last traded at $14.81. Approximately 259,914 shares changed hands during trading, a decline of 67% from the average session volume of 794,422 shares. The stock had previously closed at $15.44.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on GLNCY shares. Barclays reissued an “overweight” rating on shares of Glencore in a research report on Tuesday, July 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Glencore in a research note on Thursday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a report on Monday, August 24th. UBS Group upgraded shares of Glencore from a “hold” rating to a “buy” rating in a research report on Friday, September 25th. Finally, Citigroup restated a “buy” rating on shares of Glencore in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Glencore presently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on GLNCY
Glencore Trading Down 3.2%
The business has a 50-day moving average price of $15.48 and a 200-day moving average price of $15.06. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.77.
About Glencore
Glencore plc is a diversified natural resources company engaged in the production, processing, marketing and distribution of commodities. Its activities span metals and minerals, energy products and agricultural products, serving industrial customers and consumers worldwide.
The company produces and markets commodities including copper, cobalt, zinc, nickel, ferroalloys, aluminum, coal and oil. It also participates in the marketing and distribution of metals, minerals, crude oil, refined products, coal and agricultural goods.
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