Sasol (NYSE:SSL) Reaches New 52-Week Low at $7.10

Sasol Limited (NYSE:SSLGet Free Report)’s stock price reached a new 52-week low on Monday . The company traded as low as $7.10 and last traded at $7.10, with a volume of 11381 shares. The stock had previously closed at $7.41.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Sasol from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 11th.

Check Out Our Latest Research Report on Sasol

Sasol Price Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.52 and a quick ratio of 1.04. The company’s 50-day simple moving average is $8.23 and its 200 day simple moving average is $10.62.

Sasol Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a $0.5248 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a yield of 6.9%.

Institutional Investors Weigh In On Sasol

Hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors raised its holdings in shares of Sasol by 148.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,490 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 890 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Sasol in the 2nd quarter valued at $57,000. Coppell Advisory Solutions LLC acquired a new stake in Sasol during the 2nd quarter worth $31,000. Tower Research Capital LLC TRC raised its stake in Sasol by 700.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 2,696 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Sasol by 27.3% during the 3rd quarter. Signaturefd LLC now owns 5,397 shares of the oil and gas company’s stock worth $74,000 after acquiring an additional 1,156 shares in the last quarter. 1.02% of the stock is currently owned by institutional investors and hedge funds.

Sasol Company Profile

(Get Free Report)

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.

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