Sasol (NYSE:SSL) Shares Gap Down - Time to Sell?

Sasol Ltd. (NYSE:SSL - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $5.36, but opened at $5.11. Sasol shares last traded at $5.15, with a volume of 223,556 shares traded.

Analysts Set New Price Targets

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

Sasol Price Performance

The company has a current ratio of 1.84, a quick ratio of 1.16 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average price of $4.85 and a two-hundred day moving average price of $4.40. The firm has a market cap of $3.32 billion, a P/E ratio of 2.25, a PEG ratio of 0.19 and a beta of 0.76.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its stake in shares of 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 acquiring an additional 38,029 shares in the last quarter. BNP Paribas Financial Markets grew its position in Sasol by 124.4% in the fourth quarter. BNP Paribas Financial Markets now owns 114,093 shares of the oil and gas company's stock valued at $520,000 after purchasing an additional 63,244 shares in the last quarter. Jane Street Group LLC increased its stake in Sasol by 962.5% in the 4th quarter. Jane Street Group LLC now owns 117,288 shares of the oil and gas company's stock valued at $535,000 after buying an additional 106,249 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Sasol during the 4th quarter worth about $54,000. Finally, Two Sigma Investments LP lifted its position in Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company's stock worth $4,807,000 after buying an additional 528,860 shares in the last quarter. Institutional investors own 1.21% of the company's stock.

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.