South32 (OTCMKTS:SOUHY) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

South32 Ltd. (OTCMKTS:SOUHY)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $15.26 and traded as high as $16.8480. South32 shares last traded at $16.75, with a volume of 78,669 shares.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Citigroup reiterated a “buy” rating on shares of South32 in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

South32 Stock Down 2.4%

The company has a fifty day moving average of $15.26 and a two-hundred day moving average of $15.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.99 and a current ratio of 2.71.

Institutional Investors Weigh In On South32

A number of institutional investors have recently modified their holdings of the business. J.Safra Asset Management Corp bought a new position in South32 during the second quarter worth about $266,000. Madison Asset Management LLC acquired a new position in shares of South32 during the 2nd quarter worth approximately $1,618,000. Finally, Ancora Advisors LLC bought a new position in shares of South32 during the second quarter worth approximately $252,000. Institutional investors own 0.06% of the company’s stock.

About South32

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.