Sasol (NYSE:SSL) Shares Gap Down - Time to Sell?

Shares of Sasol Limited (NYSE:SSL - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $4.64, but opened at $4.50. Sasol shares last traded at $4.50, with a volume of 360,892 shares.

Analyst Upgrades and Downgrades

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

Sasol Price Performance

The company has a market capitalization of $2.92 billion, a PE ratio of 2.00, a PEG ratio of 0.13 and a beta of 2.35. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The company's 50 day moving average price is $5.33 and its 200-day moving average price is $6.62.

Institutional Investors Weigh In On Sasol

Institutional investors have recently added to or reduced their stakes in the company. 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 purchasing an additional 7,127 shares in the last quarter. Jane Street Group LLC purchased a new position in Sasol in the third quarter valued at approximately $75,000. Atomi Financial Group Inc. acquired a new position in Sasol during the third quarter valued at approximately $78,000. Blue Trust Inc. grew its stake 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 worth $80,000 after buying an additional 7,043 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in shares of Sasol in the second quarter worth $81,000. Hedge funds and other institutional investors own 1.21% of the company's stock.

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.