Sasol (NYSE:SSL) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Sasol Ltd. (NYSE:SSL)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.43 and traded as high as $6.94. Sasol shares last traded at $6.84, with a volume of 841,278 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Sasol from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, October 8th. Finally, Morgan Stanley downgraded Sasol from an “overweight” rating to an “equal weight” rating in a report on Monday, September 22nd. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Sasol Stock Up 0.1%

The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average is $6.35 and its 200-day moving average is $5.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SSL. GAMMA Investing LLC raised its holdings in Sasol by 107.9% in the third quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 4,482 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Sasol by 347.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 6,957 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Sasol during the second quarter valued at approximately $52,000. PDS Planning Inc purchased a new stake in shares of Sasol in the 3rd quarter worth approximately $77,000. Finally, FORA Capital LLC bought a new position in Sasol during the 1st quarter valued at approximately $55,000. Hedge funds and other 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.