Sasol (NYSE:SSL) Sets New 12-Month Low – What’s Next?

Sasol Limited (NYSE:SSL)’s share price reached a new 52-week low on Monday . The company traded as low as $4.90 and last traded at $4.90, with a volume of 434427 shares traded. The stock had previously closed at $5.04.

Analyst Ratings Changes

Separately, StockNews.com lowered Sasol from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

Sasol Stock Performance

The business has a 50-day moving average price of $5.62 and a two-hundred day moving average price of $6.71. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33.

Hedge Funds Weigh In On Sasol

A number of institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. grew its stake in shares of Sasol by 7.1% during the second quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company’s stock worth $4,126,000 after purchasing an additional 35,818 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Sasol by 312.8% in the third quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock valued at $2,006,000 after acquiring an additional 224,900 shares in the last quarter. Creative Planning boosted its stake in Sasol by 21.8% in the third quarter. Creative Planning now owns 144,902 shares of the oil and gas company’s stock valued at $980,000 after acquiring an additional 25,961 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Sasol in the third quarter valued at $670,000. Finally, Cerity Partners LLC boosted its stake in Sasol by 173.2% in the third quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock valued at $429,000 after acquiring an additional 40,206 shares in the last quarter. Institutional investors and hedge funds 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.