Sasol (NYSE:SSL) Hits New 12-Month Low – Here’s Why

Sasol Limited (NYSE:SSL)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $4.90 and last traded at $4.90, with a volume of 434427 shares changing hands. The stock had previously closed at $5.04.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Sasol from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Sasol Price Performance

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 stock has a 50 day moving average price of $5.75 and a two-hundred day moving average price of $6.75.

Hedge Funds Weigh In On Sasol

A number of hedge funds have recently added to or reduced their stakes in SSL. Blue Trust Inc. grew its position in Sasol by 247.6% in the second 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 lifted its stake in shares of Sasol by 62.7% in the 2nd quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 2,087 shares during the last quarter. Barclays PLC boosted its holdings in Sasol by 255.9% in the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 7,127 shares in the last quarter. Jane Street Group LLC acquired a new position in Sasol during the third quarter worth $75,000. Finally, Atomi Financial Group Inc. acquired a new position in Sasol during the third quarter worth $78,000. Institutional investors and hedge funds 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.