Sasol (NYSE:SSL) Shares Gap Down – What’s Next?

Sasol Limited (NYSE:SSL) gapped down before the market opened on Tuesday . The stock had previously closed at $5.26, but opened at $5.15. Sasol shares last traded at $5.11, with a volume of 278,510 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.

Sasol Stock Performance

The firm has a fifty day simple moving average of $5.04 and a 200-day simple moving average of $6.40. 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

Several large investors have recently bought and sold shares of SSL. Point72 Asset Management L.P. lifted its holdings in Sasol by 312.8% during 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Sasol in the 3rd quarter valued at $670,000. Cubist Systematic Strategies LLC lifted its stake in shares of Sasol by 81,913.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company’s stock valued at $481,000 after purchasing an additional 63,073 shares during the period. Creative Planning lifted its stake in shares of Sasol by 61.4% in the 2nd quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock valued at $905,000 after purchasing an additional 45,243 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Sasol by 173.2% in 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 period. 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.