Anglo American (OTCMKTS:NGLOY) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Anglo American (OTCMKTS:NGLOY) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $25.18 and traded as high as $26.16. Anglo American shares last traded at $25.9750, with a volume of 282,314 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. raised Anglo American from an “underweight” rating to a “neutral” rating in a research report on Wednesday, October 14th. Scotiabank started coverage on Anglo American in a research report on Tuesday, September 8th. They issued an “outperform” rating for the company. Zacks Research upgraded Anglo American from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Freedom Broker lowered shares of Anglo American from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Anglo American Stock Up 0.9%

The company has a current ratio of 2.21, a quick ratio of 1.78 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $26.70 and a two-hundred day moving average price of $25.20.

About Anglo American