South32 (OTCMKTS:SOUHY) Shares Gap Down - Time to Sell?

Key Points

• South32 Ltd.'s share price gapped down to $8.26 on Wednesday after closing at $8.77, indicating a concerning trend for investors.
• Multiple analysts, including Goldman Sachs and Citigroup, have downgraded the stock from "strong-buy" to "hold," signaling a lack of confidence in its future performance.
• The company has a current ratio of 2.83 and a low debt-to-equity ratio of 0.15, suggesting it is financially stable despite recent stock performance.

South32 Ltd. (OTCMKTS:SOUHY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $8.77, but opened at $8.26. South32 shares last traded at $8.64, with a volume of 1,158 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on SOUHY. The Goldman Sachs Group downgraded South32 from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 7th. Jefferies Financial Group downgraded South32 from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Citigroup downgraded South32 from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".

South32 Trading Down 1.6%

The stock has a 50-day simple moving average of $9.62 and a 200 day simple moving average of $9.78. The company has a current ratio of 2.83, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15.

South32 Company Profile

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.

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.