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

Key Points

• South32 Ltd. shares experienced a gap down, opening at $8.07 after previously closing at $8.40, and last traded at $8.38 with a volume of 2,322 shares.
• Multiple analysts, including those from Goldman Sachs and Citigroup, have downgraded South32's shares from a "strong-buy" to a "hold" rating.
• The company is recognized for its diversified operations across various countries, including Australia, India, China, and more, focusing on metals and mining resources.

South32 Ltd. (OTCMKTS:SOUHY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $8.40, but opened at $8.07. South32 shares last traded at $8.38, with a volume of 2,322 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SOUHY shares. The Goldman Sachs Group downgraded shares of South32 from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 7th. Citigroup downgraded shares of South32 from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Finally, Jefferies Financial Group downgraded shares of South32 from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

South32 Trading Up 0.7%

The stock's fifty day moving average is $9.50 and its two-hundred day moving average is $9.67. The company has a quick ratio of 1.83, a current ratio of 2.43 and a debt-to-equity ratio of 0.15.

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.

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