Sasol (NYSE:SSL) Reaches New 52-Week Low – Should You Sell?

Sasol Limited (NYSE:SSL)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $5.53 and last traded at $5.53, with a volume of 54979 shares trading hands. The stock had previously closed at $5.73.

Analyst Upgrades and Downgrades

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

Sasol Trading Down 3.5 %

The business’s 50 day moving average price is $6.60 and its 200-day moving average price is $7.09. 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 Trading of Sasol

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of Sasol during the second quarter worth $28,000. Blue Trust Inc. lifted its stake in Sasol by 247.6% during the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 3,454 shares in the last quarter. CWM LLC boosted its holdings in Sasol by 62.7% during the 2nd quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 2,087 shares during the period. EverSource Wealth Advisors LLC grew its position in Sasol by 3,112.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 6,505 shares in the last quarter. Finally, Atomi Financial Group Inc. purchased a new stake in Sasol during the third quarter worth about $78,000. 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.