Sasol (NYSE:SSL) Shares Gap Down – Here’s Why

Sasol Limited (NYSE:SSL)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $4.64, but opened at $4.50. Sasol shares last traded at $4.50, with a volume of 360,892 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Sasol from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

Sasol Stock Performance

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 stock has a market cap of $2.92 billion, a P/E ratio of 2.00, a P/E/G ratio of 0.13 and a beta of 2.35. The business’s 50-day moving average price is $5.38 and its 200-day moving average price is $6.63.

Institutional Trading of Sasol

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of Sasol during the 3rd quarter valued at approximately $167,000. Barclays PLC boosted its position in shares of Sasol by 255.9% in the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 7,127 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Sasol in the third quarter worth $670,000. XTX Topco Ltd increased its stake in shares of Sasol by 184.7% in the third quarter. XTX Topco Ltd now owns 41,285 shares of the oil and gas company’s stock worth $279,000 after purchasing an additional 26,785 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Sasol during the 3rd quarter valued at $75,000. Hedge funds and other institutional investors 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.