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South32 (OTCMKTS:SOUHY) Shares Gap Down - What's Next?

South32 logo with Basic Materials background

South32 Ltd. (OTCMKTS:SOUHY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $9.92, but opened at $9.56. South32 shares last traded at $9.87, with a volume of 1,826 shares trading hands.

Analysts Set New Price Targets

Several research firms recently commented on SOUHY. UBS Group lowered South32 from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Canaccord Genuity Group upgraded South32 from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. BNP Paribas upgraded South32 to a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Citigroup lowered South32 from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold".

Get Our Latest Analysis on South32

South32 Trading Down 0.7%

The firm has a 50-day moving average of $9.57 and a two-hundred day moving average of $10.12. 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

(Get Free Report)

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.

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