Sasol Limited (NYSE:SSL - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $4.85, but opened at $5.46. Sasol shares last traded at $5.37, with a volume of 1,889,741 shares.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded Sasol from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.
Check Out Our Latest Stock Report on SSL
Sasol Stock Performance
The stock's 50-day moving average price is $3.97 and its 200 day moving average price is $4.37. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The company has a market cap of $3.53 billion, a P/E ratio of 2.40, a price-to-earnings-growth ratio of 0.17 and a beta of 0.79.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its holdings in Sasol by 76.8% during the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 3,125 shares during the period. Apollon Wealth Management LLC bought a new stake in Sasol during the 4th quarter valued at approximately $46,000. Essential Planning LLC. bought a new stake in Sasol during the 4th quarter valued at approximately $46,000. HighTower Advisors LLC acquired a new stake in Sasol in the 4th quarter valued at approximately $49,000. Finally, SBI Securities Co. Ltd. bought a new position in Sasol in the 4th quarter worth approximately $50,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.
About Sasol
(
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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.
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