Sasol (NYSE:SSL) Sets New 1-Year Low – Should You Sell?

Sasol Limited (NYSE:SSL) hit a new 52-week low during trading on Wednesday . The company traded as low as $5.63 and last traded at $5.65, with a volume of 88096 shares trading hands. The stock had previously closed at $5.86.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

Sasol Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The stock’s 50 day simple moving average is $6.90 and its 200-day simple moving average is $7.19.

Institutional Investors Weigh In On Sasol

Several institutional investors and hedge funds have recently modified their holdings of SSL. Pzena Investment Management LLC raised its holdings in Sasol by 53.0% during the first quarter. Pzena Investment Management LLC now owns 352,561 shares of the oil and gas company’s stock valued at $2,754,000 after buying an additional 122,108 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Sasol by 81,913.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company’s stock valued at $481,000 after acquiring an additional 63,073 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Sasol by 417.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 71,900 shares of the oil and gas company’s stock valued at $547,000 after acquiring an additional 58,000 shares in the last quarter. Creative Planning lifted its holdings in Sasol by 61.4% in the 2nd quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock worth $905,000 after purchasing an additional 45,243 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Sasol by 7.1% during the second quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company’s stock worth $4,126,000 after purchasing an additional 35,818 shares during the period. Institutional investors and hedge funds own 1.21% of the company’s stock.

About Sasol

Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.