Sasol (NYSE:SSL) Shares Down 3.6% – Time to Sell?

Shares of Sasol Limited (NYSE:SSL) fell 3.6% on Monday . The stock traded as low as $5.29 and last traded at $5.31. 293,157 shares were traded during trading, a decline of 58% from the average session volume of 701,812 shares. The stock had previously closed at $5.51.

Analyst Ratings Changes

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

Sasol Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The company’s 50 day moving average is $6.24 and its 200 day moving average is $6.95.

Institutional Trading of Sasol

A number of hedge funds and other institutional investors have recently made changes to their positions in SSL. Lazard Asset Management LLC acquired a new stake in Sasol during the 1st quarter worth $275,000. Tidal Investments LLC acquired a new stake in shares of Sasol during the first quarter worth about $270,000. Virtu Financial LLC acquired a new position in Sasol in the 1st quarter valued at about $199,000. EverSource Wealth Advisors LLC increased its position in Sasol by 3,112.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 6,505 shares during the period. Finally, Mather Group LLC. purchased a new stake in Sasol during the 2nd quarter valued at approximately $28,000. 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.