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

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. BNP Paribas upgraded South32 to a "neutral" rating in a research report on Wednesday, April 23rd. UBS Group cut South32 from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Citigroup cut South32 from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Finally, Canaccord Genuity Group upgraded South32 from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. 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.com, South32 currently has an average rating of "Hold".

South32 Price Performance

The firm has a 50-day moving average of $9.32 and a 200-day moving average of $10.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 2.83.

South32 Company Profile

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.