Sasol Limited (NYSE:SSL - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.59, but opened at $4.48. Sasol shares last traded at $4.47, with a volume of 331,376 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Sasol from a "hold" rating to a "buy" rating in a research report on Monday, December 30th.
View Our Latest Report on SSL
Sasol Stock Performance
The firm's 50-day moving average is $4.87 and its 200 day moving average is $6.13. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in Sasol by 191.6% during the 4th quarter. Rhumbline Advisers now owns 15,129 shares of the oil and gas company's stock valued at $69,000 after buying an additional 9,940 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Sasol during the fourth quarter valued at $730,000. Savant Capital LLC purchased a new stake in Sasol during the 4th quarter worth about $94,000. Apollon Wealth Management LLC acquired a new position in Sasol in the 4th quarter valued at about $46,000. Finally, Blue Trust Inc. lifted its holdings in Sasol by 80.4% in the 4th quarter. Blue Trust Inc. now owns 21,456 shares of the oil and gas company's stock valued at $98,000 after purchasing an additional 9,564 shares in the last quarter. 1.21% of the stock is 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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