Sasol (NYSE:SSL) Shares Gap Down – Time to Sell?

Sasol Limited (NYSE:SSL) shares gapped down before the market opened on Thursday . The stock had previously closed at $4.78, but opened at $4.63. Sasol shares last traded at $4.64, with a volume of 206,499 shares traded.

Analyst Ratings Changes

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

Sasol Trading Up 1.1 %

The business’s 50-day simple moving average is $5.53 and its 200 day simple moving average is $6.68. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SSL. Point72 Asset Management L.P. grew its position in shares of 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 worth $2,006,000 after buying an additional 224,900 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Sasol in the third quarter valued at approximately $670,000. Cubist Systematic Strategies LLC grew its holdings in 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 purchasing an additional 63,073 shares during the last quarter. Creative Planning increased its position in shares of Sasol by 61.4% during the second quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock worth $905,000 after purchasing an additional 45,243 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Sasol by 173.2% during the 3rd quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock valued at $429,000 after purchasing an additional 40,206 shares during the last quarter. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

About Sasol

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.