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

Sasol Limited (NYSE:SSL)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $4.14, but opened at $3.68. Sasol shares last traded at $3.69, with a volume of 605,082 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Bank of America downgraded Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. StockNews.com cut Sasol from a “buy” rating to a “hold” rating in a report on Sunday.

Sasol Stock Down 11.6 %

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 cap of $2.37 billion, a price-to-earnings ratio of 1.61, a price-to-earnings-growth ratio of 0.17 and a beta of 2.31. The firm’s 50-day moving average is $4.42 and its 200 day moving average is $5.23.

Institutional Trading of Sasol

Institutional investors have recently made changes to their positions in the stock. Lindbrook Capital LLC boosted its holdings in Sasol by 76.8% in the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 3,125 shares during the last quarter. Barclays PLC raised its holdings in shares of Sasol by 255.9% in the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 7,127 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of Sasol in the 4th quarter valued at about $46,000. Essential Planning LLC. purchased a new stake in shares of Sasol during the 4th quarter worth about $46,000. Finally, Sivia Capital Partners LLC acquired a new stake in Sasol during the 4th quarter worth approximately $49,000. 1.21% of the stock is owned by hedge funds and other institutional investors.

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.