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

Sasol Limited (NYSE:SSL)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $4.78, but opened at $4.63. Sasol shares last traded at $4.64, with a volume of 206,499 shares changing hands.

Wall Street Analysts Forecast Growth

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

Sasol Stock Performance

The firm has a 50-day moving average of $5.62 and a two-hundred day moving average of $6.71. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Hedge Funds Weigh In On Sasol

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in Sasol by 247.6% in the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 3,454 shares in the last quarter. CWM LLC boosted its position in shares of Sasol by 62.7% in the second quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock worth $41,000 after buying an additional 2,087 shares during the period. Barclays PLC grew its stake 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 valued at $67,000 after buying an additional 7,127 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Sasol during the 3rd quarter valued at about $75,000. Finally, Atomi Financial Group Inc. acquired a new stake in Sasol in the third quarter valued at approximately $78,000. 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.