Sasol (NYSE:SSL) Shares Gap Down – Here’s Why

Sasol Limited (NYSE:SSL)’s share price gapped down prior to trading on Friday . The stock had previously closed at $6.14, but opened at $5.80. Sasol shares last traded at $5.72, with a volume of 194,670 shares trading hands.

Analyst Ratings Changes

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

Sasol Stock Performance

The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average of $6.72 and a two-hundred day moving average of $7.12.

Hedge Funds Weigh In On Sasol

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mather Group LLC. acquired a new position in Sasol during the second quarter worth $28,000. Blue Trust Inc. boosted its holdings in Sasol by 247.6% during the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 3,454 shares during the last quarter. CWM LLC grew its stake in shares of Sasol by 62.7% in the 2nd quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 2,087 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Sasol by 3,112.4% during the first quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock valued at $52,000 after purchasing an additional 6,505 shares in the last quarter. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Sasol during the third quarter valued at approximately $78,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

Sasol Company Profile

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.