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

Sasol Limited (NYSE:SSL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $5.40, but opened at $5.25. Sasol shares last traded at $5.22, with a volume of 334,346 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Sasol from a “hold” rating to a “buy” rating in a research note on Monday, December 30th.

Sasol Stock Performance

The firm has a 50 day moving average of $4.98 and a 200-day moving average of $6.30. The stock has a market capitalization of $3.08 billion, a PE ratio of 2.05, a P/E/G ratio of 0.13 and a beta of 2.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33.

Institutional Investors Weigh In On Sasol

A number of hedge funds and other institutional investors have recently made changes to their positions in SSL. Barclays PLC raised its stake in shares of Sasol by 255.9% in the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 7,127 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Sasol in the 4th quarter valued at approximately $49,000. Jane Street Group LLC bought a new position in shares of Sasol in the 3rd quarter valued at approximately $75,000. Atomi Financial Group Inc. bought a new position in shares of Sasol in the 3rd quarter valued at approximately $78,000. Finally, Blue Trust Inc. raised its stake in shares of Sasol by 145.2% in the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock valued at $80,000 after acquiring an additional 7,043 shares in the last quarter. 1.21% of the stock is owned by hedge funds and other institutional investors.

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.