South32 (OTCMKTS:SOUHY) Trading Up 0.2% - Still a Buy?

South32 Ltd. (OTCMKTS:SOUHY - Get Free Report)'s stock price was up 0.2% on Thursday . The stock traded as high as $9.80 and last traded at $9.68. Approximately 92,180 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 83,397 shares. The stock had previously closed at $9.66.

Analysts Set New Price Targets

Several research firms have recently weighed in on SOUHY. BNP Paribas raised shares of South32 to a "neutral" rating in a research note on Wednesday, April 23rd. Canaccord Genuity Group upgraded South32 from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. Citigroup cut South32 from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Finally, UBS Group lowered South32 from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold".

South32 Trading Up 0.2%

The business's 50 day moving average price is $9.31 and its 200-day moving average price is $10.24. The company has a quick ratio of 1.98, a current ratio of 2.83 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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