Sasol (NYSE:SSL) Shares Gap Down – Should You Sell?

Sasol Limited (NYSE:SSL) gapped down before the market opened on Thursday . The stock had previously closed at $5.40, but opened at $5.14. Sasol shares last traded at $5.20, with a volume of 334,101 shares.

Analyst Ratings Changes

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

Sasol Stock Up 1.2 %

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 firm’s 50-day moving average price is $6.49 and its 200 day moving average price is $7.05.

Institutional Trading of Sasol

Hedge funds have recently bought and sold shares of the business. Mather Group LLC. bought a new position in Sasol in the 2nd quarter worth approximately $28,000. Blue Trust Inc. raised its stake in shares of Sasol by 247.6% during 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 increased its position in shares of Sasol by 62.7% during the second quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 2,087 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Sasol by 3,112.4% in 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 acquiring an additional 6,505 shares during the period. Finally, Barclays PLC increased its holdings in Sasol by 255.9% during the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 7,127 shares during the period. 1.21% of the stock is currently owned by 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.