Sasol (NYSE:SSL) Hits New 1-Year Low - What's Next?

Sasol Limited (NYSE:SSL - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as $4.57 and last traded at $4.57, with a volume of 2975 shares traded. The stock had previously closed at $4.67.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Sasol from a "buy" rating to a "hold" rating in a research report on Tuesday, December 10th.

Sasol Price Performance

The company has a market cap of $3.05 billion, a PE ratio of 2.09, a price-to-earnings-growth ratio of 0.13 and a beta of 2.35. The stock has a fifty day moving average price of $5.53 and a 200-day moving average price of $6.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Institutional Investors Weigh In On Sasol

Several hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. lifted its position in Sasol by 312.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company's stock worth $2,006,000 after buying an additional 224,900 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Sasol by 184.7% during the third quarter. XTX Topco Ltd now owns 41,285 shares of the oil and gas company's stock worth $279,000 after acquiring an additional 26,785 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Sasol during the third quarter worth $94,000. Blue Trust Inc. boosted its position in Sasol by 145.2% during the third quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company's stock valued at $80,000 after purchasing an additional 7,043 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake 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 valued at $281,000 after purchasing an additional 2,535 shares in the last quarter. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Company Profile

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.