Sasol (NYSE:SSL) Hits New 1-Year Low – Should You Sell?

Sasol Limited (NYSE:SSL)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $5.12 and last traded at $5.13, with a volume of 115645 shares. The stock had previously closed at $5.25.

Analyst Upgrades and Downgrades

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

Sasol Price Performance

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’s 50 day moving average is $6.20 and its two-hundred day moving average is $6.94.

Institutional Trading of Sasol

A number of institutional investors and hedge funds have recently modified their holdings of SSL. Mather Group LLC. bought a new position in Sasol in the second quarter worth $28,000. Blue Trust Inc. increased its stake in Sasol by 247.6% in the second quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 3,454 shares during the period. CWM LLC raised its position in 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 lifted its stake in 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 grew its stake in shares of 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 purchasing an additional 7,127 shares during the period. 1.21% of the stock is currently owned by 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.