Sasol (NYSE:SSL) Shares Gap Up - What's Next?

Shares of Sasol Limited (NYSE:SSL - Get Free Report) gapped up before the market opened 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 trading hands.

Wall Street Analysts Forecast Growth

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

Sasol Trading Down 4.7%

The stock's 50 day moving average is $3.97 and its 200-day moving average is $4.36. The company has a market cap of $3.37 billion, a P/E ratio of 2.29, a PEG ratio of 0.17 and a beta of 0.79. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SSL. Apollon Wealth Management LLC bought a new stake in shares of Sasol during the fourth quarter valued at approximately $46,000. Savant Capital LLC purchased a new stake in Sasol during the 4th quarter valued at $94,000. ABC Arbitrage SA bought a new stake in shares of Sasol in the 4th quarter worth $730,000. Rhumbline Advisers increased its holdings in shares of Sasol by 191.6% in the 4th quarter. Rhumbline Advisers now owns 15,129 shares of the oil and gas company's stock worth $69,000 after purchasing an additional 9,940 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Sasol in the fourth quarter worth $50,000. 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.