Sasol (NYSE:SSL) Trading Down 4.1% – Should You Sell?

Sasol Limited (NYSE:SSL)’s share price fell 4.1% during trading on Tuesday . The stock traded as low as $5.20 and last traded at $5.21. 105,316 shares were traded during mid-day trading, a decline of 85% from the average session volume of 699,888 shares. The stock had previously closed at $5.43.

Analyst Upgrades and Downgrades

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

Sasol Stock Up 4.3 %

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The company has a 50 day simple moving average of $6.37 and a 200 day simple moving average of $7.00.

Institutional Investors Weigh In On Sasol

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSL. Point72 Asset Management L.P. increased its stake in Sasol by 312.8% during the third quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock worth $2,006,000 after acquiring an additional 224,900 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Sasol in the third quarter worth about $670,000. Cubist Systematic Strategies LLC boosted its position in shares of Sasol by 81,913.0% in the second quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company’s stock worth $481,000 after buying an additional 63,073 shares during the period. Creative Planning boosted its position in shares of Sasol by 61.4% in the second quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock worth $905,000 after buying an additional 45,243 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of Sasol by 173.2% in the third quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock worth $429,000 after buying an additional 40,206 shares during the period. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.