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

Sasol Limited (NYSE:SSL - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $4.14, but opened at $3.68. Sasol shares last traded at $3.69, with a volume of 605,082 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on SSL shares. StockNews.com downgraded shares of Sasol from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Bank of America cut Sasol from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th.

Sasol Price Performance

The stock has a market capitalization of $2.10 billion, a PE ratio of 1.43, a PEG ratio of 0.17 and a beta of 1.72. The company's 50 day simple moving average is $4.37 and its 200 day simple moving average is $5.18. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP lifted its holdings in shares of Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company's stock valued at $4,807,000 after buying an additional 528,860 shares during the last quarter. Millennium Management LLC boosted its position in Sasol by 2,401.8% in the 4th quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company's stock valued at $3,764,000 after buying an additional 792,450 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Sasol by 9.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,140 shares of the oil and gas company's stock worth $3,612,000 after buying an additional 68,978 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Sasol by 119.0% during the fourth quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company's stock valued at $3,055,000 after purchasing an additional 364,111 shares during the period. Finally, American Century Companies Inc. raised its holdings in Sasol by 6.1% during the 4th quarter. American Century Companies Inc. now owns 659,263 shares of the oil and gas company's stock worth $3,006,000 after buying an additional 38,029 shares during the period. Institutional investors and hedge funds own 1.21% of the company's stock.

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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.