Sasol (NYSE:SSL) Shares Gap Down – Here’s What Happened

Sasol Limited (NYSE:SSL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $5.26, but opened at $5.15. Sasol shares last traded at $5.11, with a volume of 278,510 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research note on Monday, December 30th.

Sasol Trading Down 2.9 %

The company has a market cap of $3.31 billion, a P/E ratio of 2.27, a PEG ratio of 0.13 and a beta of 2.34. The stock’s 50 day moving average is $5.06 and its 200-day moving average is $6.42. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

Hedge Funds Weigh In On Sasol

Hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP lifted its stake in Sasol by 16.6% during the 3rd quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company’s stock valued at $190,000 after acquiring an additional 4,000 shares during the period. Ballentine Partners LLC lifted its stake in Sasol by 32.3% during the 3rd quarter. Ballentine Partners LLC now owns 19,308 shares of the oil and gas company’s stock valued at $131,000 after acquiring an additional 4,712 shares during the period. QRG Capital Management Inc. lifted its stake in Sasol by 47.5% during the 3rd quarter. QRG Capital Management Inc. now owns 16,903 shares of the oil and gas company’s stock valued at $114,000 after acquiring an additional 5,440 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Sasol by 33.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,662 shares of the oil and gas company’s stock valued at $180,000 after acquiring an additional 5,898 shares during the period. Finally, Blue Trust Inc. lifted its stake in Sasol by 145.2% during the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock valued at $80,000 after acquiring an additional 7,043 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.