Glencore (OTCMKTS:GLNCY) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Glencore PLC (OTCMKTS:GLNCY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.00 and traded as high as $15.44. Glencore shares last traded at $15.42, with a volume of 556,309 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. HSBC upgraded Glencore from a “hold” rating to a “buy” rating in a research report on Tuesday, April 14th. UBS Group upgraded Glencore to a “hold” rating in a research report on Monday, February 9th. Citigroup reiterated a “buy” rating on shares of Glencore in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a research report on Friday, May 15th. Finally, Zacks Research raised Glencore from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Glencore currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.30.

Glencore Trading Down 0.3%

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.06 and a quick ratio of 0.54. The company has a fifty day moving average price of $15.00 and a 200-day moving average price of $13.00.

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.