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

South32 logo with Basic Materials background

South32 Ltd. (OTCMKTS:SOUHY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $10.22, but opened at $10.92. South32 shares last traded at $10.48, with a volume of 5,988 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on SOUHY shares. UBS Group downgraded South32 from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Citigroup lowered South32 from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. BNP Paribas upgraded South32 to a "neutral" rating in a research note on Wednesday, April 23rd. Finally, Canaccord Genuity Group raised shares of South32 from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, South32 currently has a consensus rating of "Hold".

View Our Latest Research Report on South32

South32 Trading Up 2.5%

The firm's 50 day simple moving average is $9.51 and its 200-day simple moving average is $10.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.83 and a quick ratio of 1.98.

About South32

(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.

Further Reading

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