Sasol (NYSE:SSL) Shares Gap Down – Time to Sell?

Shares of Sasol Limited (NYSE:SSL) gapped down before the market opened on Tuesday . The stock had previously closed at $6.82, but opened at $6.47. Sasol shares last traded at $6.45, with a volume of 455,285 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th.

Sasol Stock Performance

The firm has a 50-day simple moving average of $7.21 and a 200 day simple moving average of $7.38. 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

Institutional investors have recently made changes to their positions in the company. CWM LLC increased its stake in Sasol by 819.9% during the 1st quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock worth $26,000 after buying an additional 2,968 shares during the period. Ballentine Partners LLC purchased a new stake in shares of Sasol during the first quarter worth about $137,000. Greenleaf Trust lifted its stake in shares of Sasol by 15.7% in the first quarter. Greenleaf Trust now owns 11,993 shares of the oil and gas company’s stock worth $94,000 after acquiring an additional 1,623 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Sasol in the first quarter valued at about $131,000. Finally, PDS Planning Inc acquired a new stake in Sasol during the 1st quarter valued at approximately $79,000. 1.21% of the stock is 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.