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

Sasol Limited (NYSE:SSL) gapped down prior to trading 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 Analyst Weigh In

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

Sasol Stock Performance

The company has a market capitalization of $3.41 billion, a PE ratio of 2.37, a PEG ratio of 0.14 and a beta of 2.41. 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 has a 50 day moving average price of $6.53 and a 200 day moving average price of $7.06.

Hedge Funds Weigh In On Sasol

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mather Group LLC. acquired a new stake in shares of Sasol during the 2nd quarter valued at approximately $28,000. Blue Trust Inc. raised its position in shares of Sasol by 247.6% during the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 3,454 shares in the last quarter. CWM LLC raised its position in shares of Sasol by 62.7% during the 2nd quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 2,087 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Sasol by 3,112.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 6,505 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in shares of Sasol during the 2nd quarter valued at approximately $81,000. 1.21% of the stock is currently owned by hedge funds and other 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.