Sasol (NYSE:SSL) Reaches New 12-Month Low – Here’s Why

Sasol Limited (NYSE:SSL)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $4.27 and last traded at $4.26, with a volume of 333525 shares traded. The stock had previously closed at $4.40.

Wall Street Analyst Weigh In

A number of brokerages have commented on SSL. Bank of America cut Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday. StockNews.com cut Sasol from a “buy” rating to a “hold” rating in a research note on Thursday.

Sasol Stock Down 4.2 %

The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The stock has a market capitalization of $2.73 billion, a PE ratio of 1.82, a PEG ratio of 0.12 and a beta of 2.31. The company has a 50 day moving average price of $4.84 and a 200-day moving average price of $6.09.

Institutional Investors Weigh In On Sasol

Hedge funds have recently added to or reduced their stakes in the stock. Generali Investments CEE investicni spolecnost a.s. bought a new position in Sasol in the fourth quarter worth approximately $1,674,000. Point72 Asset Management L.P. raised its stake in Sasol by 312.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock valued at $2,006,000 after purchasing an additional 224,900 shares during the period. ABC Arbitrage SA bought a new stake in Sasol in the 4th quarter worth approximately $730,000. Creative Planning increased its stake in Sasol by 21.8% in the 3rd quarter. Creative Planning now owns 144,902 shares of the oil and gas company’s stock worth $980,000 after acquiring an additional 25,961 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Sasol in the 3rd quarter worth about $670,000. 1.21% of the stock is owned by 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.