Sasol (NYSE:SSL) Shares Gap Down – Here’s What Happened

Sasol Limited (NYSE:SSL) gapped down before the market opened on Monday . The stock had previously closed at $5.93, but opened at $5.72. Sasol shares last traded at $5.75, with a volume of 187,998 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sasol from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

Sasol Stock Up 1.6 %

The firm has a 50 day moving average price of $6.98 and a two-hundred day moving average price of $7.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33.

Hedge Funds Weigh In On Sasol

A number of large investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC bought a new position in shares of Sasol during the first quarter valued at approximately $131,000. PDS Planning Inc bought a new position in Sasol in the first quarter worth about $79,000. Pzena Investment Management LLC lifted its holdings in Sasol by 53.0% in the first quarter. Pzena Investment Management LLC now owns 352,561 shares of the oil and gas company’s stock worth $2,754,000 after buying an additional 122,108 shares during the period. SG Americas Securities LLC boosted its position in Sasol by 115.2% during the 1st quarter. SG Americas Securities LLC now owns 22,652 shares of the oil and gas company’s stock valued at $177,000 after acquiring an additional 12,128 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in shares of Sasol during the 1st quarter worth approximately $84,000. 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.