Sasol (NYSE:SSL) Sets New 12-Month Low – What’s Next?

Sasol Limited (NYSE:SSL) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $4.90 and last traded at $4.90, with a volume of 434427 shares trading hands. The stock had previously closed at $5.04.

Analyst Upgrades and Downgrades

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

Sasol Price Performance

The business’s fifty day moving average price is $5.62 and its 200 day moving average price is $6.71. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.

Institutional Investors Weigh In On Sasol

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in Sasol by 247.6% during the second quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 3,454 shares in the last quarter. CWM LLC raised its holdings in Sasol by 62.7% during the second quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 2,087 shares in the last quarter. Barclays PLC raised its holdings in Sasol by 255.9% during 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 in the last quarter. Jane Street Group LLC purchased a new position in Sasol during the third quarter worth about $75,000. Finally, Atomi Financial Group Inc. purchased a new position in Sasol in the third quarter valued at about $78,000. 1.21% of the stock is owned by hedge funds and other institutional investors.

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.