Sasol Limited (NYSE:SSL - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.53 and last traded at $5.53, with a volume of 54979 shares changing hands. The stock had previously closed at $5.73.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Sasol from a "hold" rating to a "buy" rating in a research report on Thursday, August 29th.
Read Our Latest Research Report on SSL
Sasol Stock Performance
The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The stock has a 50-day moving average price of $6.64 and a 200-day moving average price of $7.09.
Hedge Funds Weigh In On Sasol
Institutional investors and hedge funds have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC increased its holdings in Sasol by 2.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company's stock valued at $613,000 after buying an additional 1,900 shares during the last quarter. CWM LLC lifted its stake in Sasol by 62.7% during the second quarter. CWM LLC now owns 5,417 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 2,087 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Sasol by 7.4% in the second quarter. Van ECK Associates Corp now owns 36,974 shares of the oil and gas company's stock worth $281,000 after purchasing an additional 2,535 shares during the period. Ritholtz Wealth Management increased its stake in Sasol by 6.3% during the second quarter. Ritholtz Wealth Management now owns 57,825 shares of the oil and gas company's stock valued at $440,000 after purchasing an additional 3,416 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Sasol by 247.6% during the second quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 3,454 shares during the period. 1.21% of the stock is currently owned by hedge funds and other institutional investors.
About Sasol
(
Get Free Report)
Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.
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