Sasol (NYSE:SSL) Hits New 1-Year Low – What’s Next?

Sasol Limited (NYSE:SSL)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.98 and last traded at $5.98, with a volume of 85815 shares traded. The stock had previously closed at $6.24.

Wall Street Analyst Weigh In

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

Sasol Price Performance

The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The company’s 50 day simple moving average is $7.13 and its 200 day simple moving average is $7.32.

Institutional Investors Weigh In On Sasol

Several large investors have recently bought and sold shares of SSL. Virtu Financial LLC purchased a new stake in shares of Sasol during the 1st quarter worth $199,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Sasol by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock valued at $613,000 after acquiring an additional 1,900 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Sasol during the 1st quarter worth about $270,000. PDS Planning Inc purchased a new stake in Sasol during the first quarter worth approximately $79,000. Finally, Lazard Asset Management LLC acquired a new position in Sasol in the first quarter valued at approximately $275,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

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.