Sasol (NYSE:SSL) Stock Price Down 3.9% – Here’s Why

Sasol Ltd. (NYSE:SSL)’s stock price fell 3.9% on Monday . The stock traded as low as $6.52 and last traded at $6.5350. 184,210 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 1,208,989 shares. The stock had previously closed at $6.80.

Analyst Ratings Changes

SSL has been the topic of several recent analyst reports. Morgan Stanley lowered shares of Sasol from an “overweight” rating to an “equal weight” rating in a research note on Monday, September 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Sasol from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sasol has an average rating of “Reduce”.

Sasol Price Performance

The company has a fifty day moving average price of $6.35 and a two-hundred day moving average price of $5.63. The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in Sasol by 107.9% in the 3rd quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock valued at $54,000 after buying an additional 4,482 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Sasol by 347.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 6,957 shares during the period. Brevan Howard Capital Management LP bought a new position in shares of Sasol during the third quarter worth approximately $63,000. Centiva Capital LP acquired a new stake in Sasol during the 3rd quarter worth approximately $67,000. Finally, Sivia Capital Partners LLC bought a new stake in Sasol in the 2nd quarter valued at $52,000. 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.