Glencore (OTCMKTS:GLNCY) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Glencore PLC (OTCMKTS:GLNCY)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.03 and traded as high as $13.65. Glencore shares last traded at $13.65, with a volume of 487,761 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Berenberg Bank upgraded Glencore from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a research report on Friday, January 30th. Barclays restated an “overweight” rating on shares of Glencore in a report on Monday, December 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Glencore in a research note on Wednesday, January 28th. Finally, UBS Group raised shares of Glencore to a “hold” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Glencore presently has a consensus rating of “Moderate Buy” and an average price target of $9.30.

Glencore Stock Up 0.3%

The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $12.37 and a two-hundred day simple moving average of $10.07.

About Glencore

Glencore is a global natural resources company engaged in the production, processing and marketing of commodities. The business combines large-scale mining and metals operations with an extensive physical commodities trading and marketing platform. Its activities span the full commodity value chain, from extraction and smelting/refining to the commercial distribution of metals and energy products to industrial customers worldwide.

Key product areas include base and precious metals (such as copper, zinc, nickel and related concentrates), bulk commodities and energy products (including thermal coal and oil) and associated value‑added materials and services.