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

Sasol Limited (NYSE:SSL) shares gapped down before the market opened on Thursday . The stock had previously closed at $5.40, but opened at $5.14. Sasol shares last traded at $5.20, with a volume of 334,101 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

Sasol Price Performance

The firm has a fifty day simple moving average of $6.49 and a 200-day simple moving average of $7.05. 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 added to or reduced their stakes in SSL. SG Americas Securities LLC boosted its holdings in shares of Sasol by 115.2% in the 1st quarter. SG Americas Securities LLC now owns 22,652 shares of the oil and gas company’s stock valued at $177,000 after purchasing an additional 12,128 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in Sasol during the 1st quarter valued at approximately $84,000. O Shaughnessy Asset Management LLC raised its holdings in Sasol by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock worth $613,000 after purchasing an additional 1,900 shares during the last quarter. Lazard Asset Management LLC bought a new position in Sasol during the 1st quarter worth approximately $275,000. Finally, Tidal Investments LLC acquired a new position in shares of Sasol in the 1st quarter worth approximately $270,000. 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.