South32 (OTCMKTS:SOUHY) Hits New 52-Week High – Should You Buy?

South32 Ltd. (OTCMKTS:SOUHY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $12.24 and last traded at $11.8995, with a volume of 23425 shares. The stock had previously closed at $11.77.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SOUHY shares. Jefferies Financial Group raised South32 from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, South32 currently has a consensus rating of “Hold”.

South32 Trading Up 1.2%

The company has a fifty day simple moving average of $10.80 and a two-hundred day simple moving average of $9.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.43 and a quick ratio of 1.83.

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.