Sasol (NYSE:SSL) Sees Strong Trading Volume – Here’s Why

Sasol Limited (NYSE:SSL) saw unusually-strong trading volume on Monday . Approximately 755,022 shares were traded during trading, a decline of 16% from the previous session’s volume of 896,971 shares.The stock last traded at $3.55 and had previously closed at $3.44.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. StockNews.com downgraded shares of Sasol from a “buy” rating to a “hold” rating in a report on Sunday, March 30th.

Sasol Price Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The firm has a fifty day simple moving average of $4.11 and a two-hundred day simple moving average of $4.96. The firm has a market cap of $2.22 billion, a PE ratio of 1.51, a PEG ratio of 0.17 and a beta of 1.72.

Institutional Investors Weigh In On Sasol

Several large investors have recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Sasol by 97.4% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 33,358 shares of the oil and gas company’s stock worth $152,000 after buying an additional 16,462 shares during the last quarter. Vident Advisory LLC increased its stake in Sasol by 11.2% during the fourth quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company’s stock worth $186,000 after acquiring an additional 4,108 shares during the last quarter. Two Sigma Advisers LP raised its position in Sasol by 108.8% during the fourth quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company’s stock valued at $2,783,000 after purchasing an additional 317,900 shares during the period. Two Sigma Investments LP lifted its stake in shares of Sasol by 100.7% in the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock valued at $4,807,000 after purchasing an additional 528,860 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Sasol by 45.9% in the 4th quarter. Point72 Asset Management L.P. now owns 433,100 shares of the oil and gas company’s stock worth $1,975,000 after purchasing an additional 136,300 shares during the period. 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.