South32 (OTCMKTS:SOUHY) Trading Down 6.8% - Here's Why

Key Points

• South32 Ltd. shares fell by 6.8% on Thursday, trading as low as $9.12, with a significant decrease in trading volume at only 3,094 shares compared to the average of 124,348.
• Analyst ratings have seen a shift, with BNP Paribas upgrading the stock to a "neutral" rating, while multiple other firms downgraded it, leading to a consensus rating of "Hold."
• The company's financial indicators show a debt-to-equity ratio of 0.15 and current and quick ratios of 2.83 and 1.98 respectively, indicating strong liquidity.

South32 Ltd. (OTCMKTS:SOUHY - Get Free Report) fell 6.8% on Thursday . The company traded as low as $9.12 and last traded at $9.38. 3,094 shares traded hands during trading, a decline of 98% from the average session volume of 124,348 shares. The stock had previously closed at $10.07.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SOUHY. Canaccord Genuity Group raised shares of South32 from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. The Goldman Sachs Group cut South32 from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 7th. Jefferies Financial Group cut shares of South32 from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. BNP Paribas upgraded shares of South32 to a "neutral" rating in a report on Wednesday, April 23rd. Finally, Citigroup cut shares of South32 from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".

South32 Trading Up 0.3%

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.83 and a quick ratio of 1.98. The business's fifty day moving average price is $9.72 and its two-hundred day moving average price is $9.91.

About South32

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.