Sasol (NYSE:SSL) Shares Down 3.9% - Here's What Happened

Sasol Limited (NYSE:SSL - Get Free Report)'s share price traded down 3.9% during trading on Monday . The company traded as low as $5.31 and last traded at $5.24. 254,383 shares traded hands during trading, a decline of 73% from the average session volume of 959,139 shares. The stock had previously closed at $5.45.

Analyst Ratings Changes

Separately, Wall Street Zen cut Sasol from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

Sasol Stock Performance

The company has a market cap of $3.39 billion, a P/E ratio of 2.30, a PEG ratio of 0.17 and a beta of 0.79. The stock has a fifty day moving average price of $3.97 and a two-hundred day moving average price of $4.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Lindbrook Capital LLC raised its holdings in Sasol by 76.8% in the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock worth $33,000 after purchasing an additional 3,125 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of Sasol in the 4th quarter worth approximately $46,000. Essential Planning LLC. acquired a new position in shares of Sasol in the 4th quarter worth approximately $46,000. HighTower Advisors LLC bought a new position in Sasol during the fourth quarter worth $49,000. Finally, SBI Securities Co. Ltd. acquired a new position in Sasol during the fourth quarter worth $50,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.