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

Sasol Limited (NYSE:SSL) shares hit a new 52-week low on Tuesday . The company traded as low as $4.38 and last traded at $4.48, with a volume of 789586 shares traded. The stock had previously closed at $4.66.

Wall Street Analysts Forecast Growth

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

Sasol Trading Down 1.1 %

The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 1.96, a price-to-earnings-growth ratio of 0.13 and a beta of 2.34. The business has a 50 day moving average of $5.11 and a 200 day moving average of $6.48. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.

Institutional Trading of Sasol

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in Sasol by 7.1% in the 2nd quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company’s stock valued at $4,126,000 after buying an additional 35,818 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in Sasol by 33.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,662 shares of the oil and gas company’s stock worth $180,000 after purchasing an additional 5,898 shares during the period. XTX Topco Ltd purchased a new position in Sasol during the second quarter worth approximately $110,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Sasol by 81,913.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company’s stock valued at $481,000 after purchasing an additional 63,073 shares during the last quarter. Finally, Creative Planning grew its stake in shares of Sasol by 61.4% during the 2nd quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock valued at $905,000 after buying an additional 45,243 shares during the period. Institutional investors and hedge funds own 1.21% of the company’s stock.

About Sasol

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.