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

Sasol Limited (NYSE:SSL) gapped down before the market opened on Thursday . The stock had previously closed at $4.40, but opened at $4.14. Sasol shares last traded at $4.18, with a volume of 139,008 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SSL shares. Bank of America lowered Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. StockNews.com lowered Sasol from a “buy” rating to a “hold” rating in a research report on Friday.

Sasol Stock Performance

The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The stock has a 50 day simple moving average of $4.62 and a two-hundred day simple moving average of $5.52. The stock has a market capitalization of $2.80 billion, a P/E ratio of 1.91, a P/E/G ratio of 0.17 and a beta of 2.31.

Institutional Trading of Sasol

Hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its holdings in Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 3,125 shares during the last quarter. Barclays PLC raised its holdings in 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 acquiring an additional 7,127 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in Sasol in the 4th quarter valued at $46,000. Essential Planning LLC. acquired a new position in shares of Sasol during the 4th quarter worth $46,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of Sasol during the 4th quarter worth $49,000. 1.21% of the stock is owned by institutional investors and hedge funds.

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.