Sasol (NYSE:SSL) Sets New 12-Month Low – What’s Next?

Sasol Limited (NYSE:SSL)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $4.57 and last traded at $4.57, with a volume of 2975 shares changing hands. The stock had previously closed at $4.67.

Analyst Ratings Changes

Separately, StockNews.com cut Sasol from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

Sasol Stock Down 2.4 %

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 market capitalization of $2.96 billion, a P/E ratio of 2.03, a PEG ratio of 0.13 and a beta of 2.35. The firm’s 50 day moving average price is $5.53 and its two-hundred day moving average price is $6.68.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SSL. Van ECK Associates Corp increased its position in shares of Sasol by 7.4% during the 2nd quarter. Van ECK Associates Corp now owns 36,974 shares of the oil and gas company’s stock worth $281,000 after purchasing an additional 2,535 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Sasol by 6.3% in the second quarter. Ritholtz Wealth Management now owns 57,825 shares of the oil and gas company’s stock valued at $440,000 after buying an additional 3,416 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Sasol by 16.6% during the third quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company’s stock worth $190,000 after buying an additional 4,000 shares during the last quarter. Ballentine Partners LLC raised its position in Sasol by 32.3% during the third quarter. Ballentine Partners LLC now owns 19,308 shares of the oil and gas company’s stock worth $131,000 after acquiring an additional 4,712 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Sasol by 28.1% in the second quarter. Signaturefd LLC now owns 23,990 shares of the oil and gas company’s stock valued at $183,000 after acquiring an additional 5,269 shares during the last quarter. Institutional investors 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.