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

Sasol Limited (NYSE:SSL)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $5.26, but opened at $5.15. Sasol shares last traded at $5.11, with a volume of 278,510 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.

Sasol Trading Down 2.9 %

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’s 50-day simple moving average is $5.06 and its 200-day simple moving average is $6.42. The firm has a market capitalization of $3.31 billion, a PE ratio of 2.27, a P/E/G ratio of 0.13 and a beta of 2.34.

Institutional Trading of Sasol

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC grew its position in shares of Sasol by 255.9% in the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after buying an additional 7,127 shares during the period. Point72 Asset Management L.P. grew its position in shares of Sasol by 312.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock worth $2,006,000 after buying an additional 224,900 shares during the period. XTX Topco Ltd grew its position in shares of Sasol by 184.7% in the 3rd quarter. XTX Topco Ltd now owns 41,285 shares of the oil and gas company’s stock worth $279,000 after buying an additional 26,785 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Sasol in the 3rd quarter worth about $94,000. Finally, Blue Trust Inc. grew its position in shares of Sasol by 145.2% in the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock worth $80,000 after buying an additional 7,043 shares during the period. 1.21% of the stock is 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.