South32 (OTCMKTS:SOUHY) Shares Gap Down – What’s Next?

Shares of South32 Ltd. (OTCMKTS:SOUHY) gapped down before the market opened on Monday . The stock had previously closed at $17.03, but opened at $16.10. South32 shares last traded at $16.13, with a volume of 1,350 shares changing hands.

Analyst Ratings Changes

SOUHY has been the subject of a number of research reports. Citigroup reiterated a “buy” rating on shares of South32 in a research report on Tuesday, May 26th. Zacks Research downgraded shares of South32 from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, South32 has an average rating of “Moderate Buy”.

South32 Price Performance

The stock’s 50-day moving average price is $15.77 and its 200-day moving average price is $14.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.99 and a current ratio of 2.71.

South32 Company Profile

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.