Sasol (NYSE:SSL) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Sasol Ltd. (NYSE:SSL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.88 and traded as high as $6.32. Sasol shares last traded at $6.13, with a volume of 1,015,114 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Zacks Research lowered Sasol from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Wall Street Zen downgraded Sasol from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sasol in a research report on Wednesday, October 8th. Finally, Morgan Stanley cut Sasol from an “overweight” rating to an “equal weight” rating in a research note on Monday, September 22nd. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Sasol Stock Performance

The company’s 50-day simple moving average is $6.33 and its two-hundred day simple moving average is $5.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.27.

Institutional Investors Weigh In On Sasol

A number of institutional investors have recently bought and sold shares of SSL. Ariadne Wealth Management LP lifted its holdings in Sasol by 82.4% in the 3rd quarter. Ariadne Wealth Management LP now owns 21,467 shares of the oil and gas company’s stock worth $147,000 after purchasing an additional 9,695 shares in the last quarter. Voleon Capital Management LP bought a new position in shares of Sasol in the 3rd quarter valued at about $3,079,000. Public Employees Retirement System of Ohio raised its holdings in Sasol by 6.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 101,896 shares of the oil and gas company’s stock valued at $634,000 after buying an additional 6,168 shares during the period. Mariner LLC raised its stake in shares of Sasol by 6.4% in the third quarter. Mariner LLC now owns 219,251 shares of the oil and gas company’s stock valued at $1,364,000 after acquiring an additional 13,097 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC boosted its position in shares of Sasol by 5.1% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock valued at $204,000 after buying an additional 1,593 shares during the period. Hedge funds and other institutional investors 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.