Sasol (NYSE:SSL) Shares Gap Up – Here’s Why

Sasol Limited (NYSE:SSL)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.42, but opened at $5.02. Sasol shares last traded at $5.03, with a volume of 694,497 shares trading hands.

Wall Street Analyst Weigh In

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

Sasol Price Performance

The company has a market capitalization of $3.29 billion, a P/E ratio of 2.25, a PEG ratio of 0.13 and a beta of 2.34. 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 business has a 50 day simple moving average of $5.07 and a 200-day simple moving average of $6.44.

Institutional Trading of Sasol

Several hedge funds have recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Sasol by 255.9% in the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 7,127 shares during the period. Jane Street Group LLC bought a new position in Sasol in the 3rd quarter worth approximately $75,000. Atomi Financial Group Inc. acquired a new stake in Sasol in the 3rd quarter valued at approximately $78,000. Blue Trust Inc. raised its stake in Sasol by 145.2% during 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, Private Advisor Group LLC acquired a new position in Sasol during the 3rd quarter worth $94,000. 1.21% of the stock is currently owned by institutional investors.

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.