Sasol (NYSE:SSL) Hits New 52-Week Low – Here’s Why

Sasol Limited (NYSE:SSL) hit a new 52-week low on Tuesday . The company traded as low as $5.12 and last traded at $5.13, with a volume of 115645 shares changing hands. The stock had previously closed at $5.25.

Wall Street Analysts Forecast Growth

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

Sasol Trading Down 0.4 %

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 company has a fifty day simple moving average of $6.20 and a 200-day simple moving average of $6.94.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SSL. Mather Group LLC. purchased a new position in shares of Sasol during the second quarter valued at $28,000. Blue Trust Inc. increased its holdings in shares of Sasol by 247.6% in the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 3,454 shares during the period. CWM LLC lifted its position in shares of Sasol by 62.7% in the second quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 2,087 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings 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 worth $52,000 after purchasing an additional 6,505 shares during the period. Finally, Barclays PLC increased its stake in 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 buying an additional 7,127 shares during the period. 1.21% of the stock is owned by hedge funds and other institutional investors.

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.