Sasol (NYSE:SSL) Sees Strong Trading Volume – Here’s Why

Sasol Limited (NYSE:SSL) saw strong trading volume on Wednesday . 568,845 shares were traded during mid-day trading, a decline of 45% from the previous session’s volume of 1,040,225 shares.The stock last traded at $4.31 and had previously closed at $4.47.

Analyst Upgrades and Downgrades

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

Sasol Stock Down 0.2 %

The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The company’s fifty day moving average price is $5.13 and its 200-day moving average price is $6.50. The stock has a market capitalization of $2.89 billion, a PE ratio of 1.98, a price-to-earnings-growth ratio of 0.13 and a beta of 2.34.

Hedge Funds Weigh In On Sasol

A number of hedge funds have recently bought and sold shares of SSL. Point72 Asset Management L.P. increased its stake in Sasol by 312.8% during the 3rd 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 purchasing an additional 224,900 shares in the last quarter. XTX Topco Ltd increased its position in shares of Sasol by 184.7% during the third quarter. XTX Topco Ltd now owns 41,285 shares of the oil and gas company’s stock valued at $279,000 after acquiring an additional 26,785 shares in the last quarter. Private Advisor Group LLC purchased a new position in Sasol in the 3rd quarter worth approximately $94,000. Blue Trust Inc. lifted its position in Sasol by 145.2% in 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 in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in Sasol by 81,913.0% during 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. Institutional investors 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.