South32 (OTCMKTS:SOUHY) Hits New 12-Month High – Here’s What Happened

South32 Ltd. (OTCMKTS:SOUHY) shares hit a new 52-week high during trading on Monday . The stock traded as high as $15.77 and last traded at $15.58, with a volume of 5835 shares changing hands. The stock had previously closed at $15.33.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SOUHY shares. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Jefferies Financial Group raised shares of South32 from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, South32 has an average rating of “Hold”.

South32 Stock Performance

The firm’s 50-day moving average price is $12.17 and its two-hundred day moving average price is $10.50. The company has a current ratio of 2.43, a quick ratio of 1.83 and a debt-to-equity ratio of 0.15.

About South32

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.