Sasol (NYSE:SSL) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Sasol Limited (NYSE:SSL) saw unusually-strong trading volume on Wednesday . Approximately 568,845 shares changed hands during mid-day trading, a decline of 45% from the previous session’s volume of 1,040,225 shares.The stock last traded at $4.31 and had previously closed at $4.47.

Analysts Set New Price Targets

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

Sasol Trading Up 14.7 %

The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average is $5.08 and its 200-day moving average is $6.47. The firm has a market cap of $3.29 billion, a P/E ratio of 2.25, a price-to-earnings-growth ratio of 0.13 and a beta of 2.34.

Institutional Trading of Sasol

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised its holdings in shares of Sasol by 255.9% during the third 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. Jane Street Group LLC acquired a new stake in shares of Sasol in the 3rd quarter worth about $75,000. Atomi Financial Group Inc. acquired a new stake in shares of Sasol in the 3rd quarter worth about $78,000. Blue Trust Inc. increased its holdings in shares of Sasol by 145.2% in the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock worth $80,000 after acquiring an additional 7,043 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in shares of Sasol in the 3rd quarter worth about $94,000. 1.21% of the stock is owned by institutional investors and hedge funds.

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.