Sasol Limited (NYSE:SSL - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $4.35 and last traded at $4.35, with a volume of 57133 shares trading hands. The stock had previously closed at $4.50.
Analysts Set New Price Targets
Separately, StockNews.com cut Sasol from a "buy" rating to a "hold" rating in a research note on Tuesday, December 10th.
Read Our Latest Analysis on Sasol
Sasol Stock Down 0.9 %
The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $5.29 and a two-hundred day moving average of $6.61. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 1.98, a price-to-earnings-growth ratio of 0.13 and a beta of 2.35.
Institutional Trading of Sasol
A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in shares of Sasol by 255.9% in the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company's stock valued at $67,000 after acquiring an additional 7,127 shares during the last quarter. HB Wealth Management LLC bought a new position in Sasol in the second quarter valued at about $81,000. Jane Street Group LLC acquired a new stake in shares of Sasol during the third quarter valued at about $75,000. Atomi Financial Group Inc. bought a new stake in shares of Sasol during the third quarter worth about $78,000. Finally, Blue Trust Inc. grew its holdings in shares of Sasol by 145.2% during the third quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company's stock worth $80,000 after purchasing an additional 7,043 shares during the last quarter. Institutional investors and hedge funds own 1.21% of the company's stock.
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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