Sasol (NYSE:SSL) Shares Gap Up – Here’s Why

Shares of Sasol Limited (NYSE:SSLGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $4.15, but opened at $4.27. Sasol shares last traded at $4.33, with a volume of 107,568 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a report on Thursday. Bank of America downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th.

View Our Latest Stock Analysis on SSL

Sasol Stock Performance

The company has a market cap of $2.80 billion, a P/E ratio of 1.90, a PEG ratio of 0.17 and a beta of 2.31. The stock has a fifty day moving average price of $4.65 and a two-hundred day moving average price of $5.67. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SSL. Lindbrook Capital LLC raised 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 buying an additional 3,125 shares during the period. Apollon Wealth Management LLC purchased a new stake in shares of Sasol in the 4th quarter valued at approximately $46,000. Essential Planning LLC. acquired a new position in Sasol in the 4th quarter worth approximately $46,000. Sivia Capital Partners LLC acquired a new position in Sasol in the 4th quarter worth approximately $49,000. Finally, HighTower Advisors LLC purchased a new position in Sasol during the 4th quarter worth approximately $49,000. Institutional investors own 1.21% of the company’s stock.

Sasol Company Profile

(Get Free Report)

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.

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