South32 (OTCMKTS:SOUHY) Shares Gap Down – Here’s What Happened

South32 Ltd. (OTCMKTS:SOUHY)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $17.36, but opened at $16.76. South32 shares last traded at $17.32, with a volume of 10,769 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

South32 Stock Performance

The stock has a fifty day simple moving average of $17.27 and a two-hundred day simple moving average of $15.95. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14.

About South32

South32 Limited is a diversified mining and metals company headquartered in Perth, Australia. The company produces commodities used in energy, infrastructure, transportation and manufacturing, including alumina, aluminum, copper, manganese, silver, lead and zinc.

South32 operates and holds interests in mining, processing and refining operations across Australia, Southern Africa, South America and North America. Its portfolio has included the Worsley Alumina and Hillside aluminum operations in Australia, the Mozal aluminum smelter in Mozambique, manganese operations in Australia and South Africa, the Cannington silver-lead-zinc mine in Australia, and copper interests in Chile.