Glencore (OTCMKTS:GLNCY) Trading Down 3.6% - Should You Sell?

Glencore PLC (OTCMKTS:GLNCY - Get Free Report)'s stock price was down 3.6% during trading on Tuesday . The stock traded as low as $7.45 and last traded at $7.45. Approximately 575,707 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 1,102,352 shares. The stock had previously closed at $7.73.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded Glencore to a "strong-buy" rating in a research report on Tuesday, March 11th. Six equities research analysts have rated the stock with a strong buy rating, According to data from MarketBeat, the company currently has an average rating of "Strong Buy".

Glencore Price Performance

The stock's 50 day simple moving average is $7.28 and its 200 day simple moving average is $7.93. The company has a quick ratio of 0.60, a current ratio of 1.20 and a debt-to-equity ratio of 0.77.

Glencore Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, May 5th were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a yield of 2.75%.

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.