Sasol (NYSE:SSL) Stock Price Down 3.4% – Time to Sell?

Sasol Limited (NYSE:SSL)’s share price fell 3.4% during mid-day trading on Wednesday . The stock traded as low as $4.18 and last traded at $4.18. 72,188 shares were traded during mid-day trading, a decline of 91% from the average session volume of 838,685 shares. The stock had previously closed at $4.32.

Analyst Ratings Changes

SSL has been the subject of a number of recent analyst reports. Bank of America lowered shares of Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. StockNews.com downgraded shares of Sasol from a “buy” rating to a “hold” rating in a research note on Sunday.

Sasol Trading Down 3.8 %

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 has a market cap of $2.69 billion, a PE ratio of 1.83, a PEG ratio of 0.17 and a beta of 2.31. The firm has a fifty day simple moving average of $4.44 and a two-hundred day simple moving average of $5.24.

Institutional Trading of Sasol

Several large investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC raised its holdings in Sasol by 76.8% in the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 3,125 shares in the last quarter. Quantinno Capital Management LP raised its stake in Sasol by 16.6% in 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 in the last quarter. Vident Advisory LLC lifted its holdings in Sasol by 11.2% in the fourth quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company’s stock worth $186,000 after buying an additional 4,108 shares during the period. Ameriprise Financial Inc. lifted its holdings in Sasol by 29.5% in the fourth quarter. Ameriprise Financial Inc. now owns 22,028 shares of the oil and gas company’s stock worth $100,000 after buying an additional 5,021 shares during the period. Finally, Ballentine Partners LLC boosted its position in Sasol by 26.1% during the 4th quarter. Ballentine Partners LLC now owns 24,353 shares of the oil and gas company’s stock valued at $111,000 after acquiring an additional 5,045 shares in the last quarter. Institutional investors own 1.21% of the company’s stock.

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.