Sasol (NYSE:SSL) Shares Down 2.3% – Here’s Why

Sasol Limited (NYSE:SSL)’s stock price fell 2.3% during mid-day trading on Tuesday . The stock traded as low as $4.56 and last traded at $4.59. 247,014 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 728,757 shares. The stock had previously closed at $4.70.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Sasol from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

Sasol Stock Down 1.7 %

The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average price of $5.49 and a two-hundred day moving average price of $6.67. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 2.05, a price-to-earnings-growth ratio of 0.13 and a beta of 2.35.

Institutional Trading of Sasol

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its stake 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 acquiring an additional 7,127 shares during the period. Jane Street Group LLC purchased a new position in Sasol in the 3rd quarter worth about $75,000. Atomi Financial Group Inc. acquired a new stake in shares of Sasol during the third quarter valued at approximately $78,000. Blue Trust Inc. raised its stake in 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 period. Finally, HB Wealth Management LLC purchased a new stake in Sasol in the 2nd quarter worth about $81,000. 1.21% of the stock is 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.