Sasol (NYSE:SSL) Reaches New 52-Week Low - What's Next?

Sasol Limited (NYSE:SSL - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $3.43 and last traded at $3.47, with a volume of 656028 shares trading hands. The stock had previously closed at $3.57.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SSL shares. StockNews.com downgraded shares of Sasol from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Bank of America cut Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th.

Sasol Trading Down 1.6 %

The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 1.51, a PEG ratio of 0.17 and a beta of 0.71. The business has a fifty day moving average of $3.83 and a two-hundred day moving average of $4.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. ABC Arbitrage SA purchased a new stake in shares of Sasol in the fourth quarter valued at about $730,000. American Century Companies Inc. increased its position in Sasol by 6.1% during the 4th quarter. American Century Companies Inc. now owns 659,263 shares of the oil and gas company's stock worth $3,006,000 after purchasing an additional 38,029 shares in the last quarter. Barclays PLC increased its position in Sasol by 255.9% during the 3rd 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 in the last quarter. SBI Securities Co. Ltd. acquired a new position in Sasol in the 4th quarter valued at about $50,000. Finally, Rhumbline Advisers lifted its holdings in Sasol by 191.6% in the 4th quarter. Rhumbline Advisers now owns 15,129 shares of the oil and gas company's stock valued at $69,000 after purchasing an additional 9,940 shares in the last quarter. 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.