Sasol (NYSE:SSL) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Sasol Ltd. (NYSE:SSL)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.82 and traded as high as $13.22. Sasol shares last traded at $13.14, with a volume of 767,282 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SSL shares. Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a report on Monday, April 20th. UBS Group cut Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Sasol in a report on Friday, January 16th. Zacks Research upgraded Sasol from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Sasol has a consensus rating of “Hold”.

Sasol Stock Performance

The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $12.30 and a 200 day moving average price of $8.82.

Institutional Trading of Sasol

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlas Capital Advisors Inc. acquired a new stake in shares of Sasol during the fourth quarter worth $35,000. Caitong International Asset Management Co. Ltd grew its position in Sasol by 232.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock worth $36,000 after buying an additional 3,920 shares during the period. EverSource Wealth Advisors LLC increased its stake in Sasol by 347.3% in the 2nd 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 acquired a new position in shares of Sasol during the 2nd quarter worth $52,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Sasol in the third quarter valued at about $63,000. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Company Profile

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.