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

Sasol Limited (NYSE:SSL) shares gapped down prior to trading on Thursday . The stock had previously closed at $4.66, but opened at $4.45. Sasol shares last traded at $4.41, with a volume of 389,914 shares traded.

Wall Street Analyst Weigh In

SSL has been the topic of a number of research analyst reports. StockNews.com lowered Sasol from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday.

Sasol Trading Down 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’s 50 day moving average price is $4.84 and its 200 day moving average price is $6.09.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its holdings in Sasol by 76.8% in the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 3,125 shares during the last quarter. Barclays PLC boosted its stake in shares of Sasol by 255.9% in the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 7,127 shares during the last quarter. Apollon Wealth Management LLC bought a new position in shares of Sasol in the 4th quarter valued at about $46,000. Sivia Capital Partners LLC acquired a new stake in shares of Sasol during the 4th quarter worth approximately $49,000. Finally, HighTower Advisors LLC bought a new stake in shares of Sasol during the fourth quarter worth approximately $49,000. 1.21% of the stock is currently owned by institutional investors.

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.