Sasol (NYSE:SSL) Shares Gap Down – Time to Sell?

Sasol Limited (NYSE:SSL)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $4.66, but opened at $4.45. Sasol shares last traded at $4.41, with a volume of 389,914 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Bank of America downgraded Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday. StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a report on Monday, December 30th.

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’s 50 day simple moving average is $4.86 and its 200 day simple moving average is $6.11.

Institutional Trading of Sasol

A number of large investors have recently added to or reduced their stakes in SSL. Apollon Wealth Management LLC purchased a new stake in Sasol in the 4th quarter worth about $46,000. Sivia Capital Partners LLC purchased a new position in shares of Sasol in the fourth quarter worth about $49,000. SBI Securities Co. Ltd. bought a new stake in shares of Sasol in the fourth quarter valued at approximately $50,000. Barclays PLC lifted its stake in shares of Sasol by 255.9% during the 3rd 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. Finally, Rhumbline Advisers boosted its holdings in Sasol by 191.6% in the 4th quarter. Rhumbline Advisers now owns 15,129 shares of the oil and gas company’s stock worth $69,000 after buying an additional 9,940 shares during the period. Hedge funds and other institutional investors own 1.21% of the company’s stock.

About Sasol

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.