Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Canada, and Gabon. The company also markets and sells liquid fuels, pipeline gas, and electricity; and develops, implements, and manages international gas-to-liquids processes. In addition, it produces and markets polyethylene, polypropylene, polyvinyl chloride, ketones, alcohols, acrylates, phenolics, ammonium nitrate base products, and sulphur dioxide, as well mining reagents for use in various applications, such as aerosols, cosmetics, fragrances, packaging, paints, adhesives, pharmaceuticals,plastics, mining, pulp and paper, steel, textiles, water treatment and purification, agricultural fertilizers, and chemicals. Further, the company markets organic and inorganic commodity and specialty chemicals comprising organics, inorganics, wax, phenolic, carbon, ammonia, and specialty gases; and offers engineering services. Sasol Limited was founded in 1950 and is headquartered in Johannesburg, South Africa.
Sasol Stock Down 7.0 %
NYSE:SSL traded down $1.52 during mid-day trading on Wednesday, reaching $20.33. The stock had a trading volume of 279,714 shares, compared to its average volume of 338,274. The stock has a 50-day simple moving average of $22.02 and a two-hundred day simple moving average of $23.29. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 1.43. Sasol has a 12 month low of $12.74 and a 12 month high of $28.36.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on SSL shares. StockNews.com cut shares of Sasol from a "buy" rating to a "hold" rating in a research note on Monday, August 8th. Morgan Stanley cut shares of Sasol from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, June 14th.