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

Sasol Limited (NYSE:SSL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $6.45, but opened at $6.30. Sasol shares last traded at $6.26, with a volume of 165,374 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th.

Sasol Stock 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 business has a 50-day moving average price of $7.15 and a 200-day moving average price of $7.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SSL. CWM LLC lifted its position in shares of Sasol by 819.9% during the 1st quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 2,968 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Sasol during the 2nd quarter valued at approximately $28,000. Blue Trust Inc. lifted its position in shares of Sasol by 247.6% during the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 3,454 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Sasol by 3,112.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock valued at $52,000 after purchasing an additional 6,505 shares in the last quarter. Finally, Atomi Financial Group Inc. purchased a new position in Sasol in the 3rd quarter valued at $78,000. 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.