Citigroup cut shares of South32 (OTCMKTS:SOUHY - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.
A number of other research firms have also recently weighed in on SOUHY. Canaccord Genuity Group raised shares of South32 from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. BNP Paribas raised shares of South32 to a "neutral" rating in a research note on Wednesday, April 23rd. Finally, UBS Group cut shares of South32 from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on South32
South32 Price Performance
SOUHY traded up $0.06 during trading on Wednesday, hitting $9.73. The stock had a trading volume of 101,083 shares, compared to its average volume of 144,190. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.39. The company's 50-day moving average price is $9.12 and its 200 day moving average price is $10.45. South32 has a twelve month low of $7.52 and a twelve month high of $13.30.
About South32
(
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South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.
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