South32 (OTCMKTS:SOUHY) Shares Gap Down – Here’s What Happened

Shares of South32 Ltd. (OTCMKTS:SOUHY) gapped down before the market opened on Monday . The stock had previously closed at $17.03, but opened at $16.10. South32 shares last traded at $16.13, with a volume of 1,350 shares trading hands.

Analyst Ratings Changes

Several equities analysts have commented on SOUHY shares. Zacks Research lowered shares of South32 from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. Citigroup reiterated a “buy” rating on shares of South32 in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

South32 Trading Down 0.8%

The company has a 50 day simple moving average of $15.86 and a two-hundred day simple moving average of $14.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.99 and a current ratio of 2.71.

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.