Sasol (NYSE:SSL) Shares Gap Up – Time to Buy?

Sasol Limited (NYSE:SSL)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $4.64, but opened at $4.85. Sasol shares last traded at $4.75, with a volume of 329,658 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. StockNews.com cut Sasol from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Bank of America cut Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th.

Sasol Price Performance

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 has a market capitalization of $3.12 billion, a P/E ratio of 2.12, a price-to-earnings-growth ratio of 0.17 and a beta of 2.31. The firm has a 50-day moving average price of $4.70 and a 200 day moving average price of $5.83.

Hedge Funds Weigh In On Sasol

Institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC increased its position in shares of Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 3,125 shares during the last quarter. Apollon Wealth Management LLC bought a new position in Sasol during the 4th quarter worth approximately $46,000. Essential Planning LLC. bought a new position in Sasol during the 4th quarter worth approximately $46,000. Sivia Capital Partners LLC bought a new position in Sasol during the 4th quarter worth approximately $49,000. Finally, HighTower Advisors LLC bought a new position in Sasol during the 4th quarter worth approximately $49,000. 1.21% of the stock is currently 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.