Sasol (NYSE:SSL) Trading Up 5.1% - Should You Buy?

Sasol Limited (NYSE:SSL - Get Free Report)'s stock price shot up 5.1% on Tuesday . The company traded as high as $4.59 and last traded at $4.61. 126,792 shares were traded during mid-day trading, a decline of 91% from the average session volume of 1,353,244 shares. The stock had previously closed at $4.38.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SSL. Bank of America lowered shares of Sasol from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. StockNews.com lowered shares of Sasol from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th.

Sasol Trading Down 0.8 %

The company's 50 day moving average price is $4.78 and its 200 day moving average price is $5.98. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33.

Institutional Trading of Sasol

Large investors have recently modified their holdings of the company. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Sasol in the 4th quarter valued at $1,674,000. Renaissance Technologies LLC boosted its holdings in Sasol by 119.0% in the 4th 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. Point72 Asset Management L.P. boosted its holdings 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 valued at $2,006,000 after purchasing an additional 224,900 shares during the period. ABC Arbitrage SA bought a new stake in Sasol in the 4th quarter valued at $730,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Sasol in the 3rd quarter valued at $670,000. 1.21% of the stock is owned by 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.