Sasol (NYSE:SSL) Hits New 12-Month Low – What’s Next?

Sasol Limited (NYSE:SSL) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.38 and last traded at $4.48, with a volume of 789586 shares. The stock had previously closed at $4.66.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research note on Monday, December 30th.

Sasol Stock Down 4.9 %

The firm’s 50-day moving average price is $5.16 and its 200 day moving average price is $6.52. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 1.97, a PEG ratio of 0.13 and a beta of 2.34. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

Institutional Investors Weigh In On Sasol

Several hedge funds and other institutional investors have recently made changes to their positions in SSL. Barclays PLC grew its holdings 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 purchasing an additional 7,127 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Sasol during the 3rd quarter valued at approximately $75,000. Atomi Financial Group Inc. bought a new stake in shares of Sasol during the 3rd quarter valued at approximately $78,000. Blue Trust Inc. grew its holdings in shares of Sasol by 145.2% during the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock valued at $80,000 after purchasing an additional 7,043 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in Sasol during the 3rd quarter worth approximately $94,000. 1.21% of the stock is owned by 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.