South32 (OTCMKTS:SOUHY) Shares Gap Up - Here's Why

Shares of 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 changing hands.

Wall Street Analyst Weigh In

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

South32 Stock Up 2.5%

The company has a quick ratio of 1.98, a current ratio of 2.83 and a debt-to-equity ratio of 0.15. The firm's 50 day simple moving average is $9.55 and its two-hundred day simple moving average is $10.12.

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.