Sasol (NYSE:SSL) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Sasol Ltd. (NYSE:SSL) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.37 and traded as high as $5.30. Sasol shares last traded at $5.19, with a volume of 840,274 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Sasol from a “buy” rating to a “hold” rating in a report on Friday, May 16th.

Sasol Stock Up 0.3%

The business’s fifty day moving average is $4.61 and its two-hundred day moving average is $4.37. The company has a market cap of $3.36 billion, a P/E ratio of 2.28, a price-to-earnings-growth ratio of 0.18 and a beta of 0.76. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.16 and a current ratio of 1.84.

Institutional Investors Weigh In On Sasol

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC bought a new position in shares of Sasol during the 2nd quarter worth approximately $52,000. Parallel Advisors LLC raised its stake in shares of Sasol by 119.9% during the 2nd quarter. Parallel Advisors LLC now owns 17,169 shares of the oil and gas company’s stock worth $76,000 after acquiring an additional 9,360 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Sasol by 31.9% during the 1st quarter. Jane Street Group LLC now owns 154,700 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 37,412 shares in the last quarter. Millennium Management LLC raised its stake in shares of Sasol by 75.7% during the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock worth $6,135,000 after acquiring an additional 624,911 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Sasol by 15.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 204,784 shares of the oil and gas company’s stock worth $866,000 after acquiring an additional 28,026 shares in the last quarter. Institutional investors own 1.21% of the company’s stock.

About Sasol

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.