Sasol (NYSE:SSL) Reaches New 1-Year Low – Here’s Why

Sasol Limited (NYSE:SSL) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $3.56 and last traded at $3.59, with a volume of 3659482 shares changing hands. The stock had previously closed at $4.14.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SSL. StockNews.com downgraded shares of Sasol from a “buy” rating to a “hold” rating in a research note on Sunday, March 30th. Bank of America lowered shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th.

Sasol Price Performance

The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 1.58, a PEG ratio of 0.17 and a beta of 2.31. The stock has a fifty day moving average of $4.40 and a two-hundred day moving average of $5.22.

Institutional Trading of Sasol

A number of hedge funds and other institutional investors have recently made changes to their positions in SSL. Lindbrook Capital LLC grew its holdings in Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 3,125 shares during the last quarter. Barclays PLC lifted its position in shares of Sasol by 255.9% during the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 7,127 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Sasol during the fourth quarter valued at approximately $46,000. Essential Planning LLC. acquired a new stake in shares of Sasol in the fourth quarter valued at approximately $46,000. Finally, Sivia Capital Partners LLC bought a new position in Sasol in the 4th quarter worth approximately $49,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.