Sasol (NYSE:SSL) Hits New 52-Week Low – Time to Sell?

Shares of Sasol Limited (NYSE:SSL) hit a new 52-week low during trading on Tuesday . The company traded as low as $4.06 and last traded at $4.05, with a volume of 410438 shares traded. The stock had previously closed at $4.22.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SSL. Bank of America cut Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. StockNews.com downgraded shares of Sasol from a “buy” rating to a “hold” rating in a report on Thursday, February 6th.

Sasol Stock Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The firm has a 50 day moving average price of $4.68 and a two-hundred day moving average price of $5.72. The company has a market capitalization of $2.64 billion, a P/E ratio of 1.79, a price-to-earnings-growth ratio of 0.17 and a beta of 2.31.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Millennium Management LLC grew its holdings in shares of Sasol by 2,401.8% in the 4th quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company’s stock worth $3,764,000 after purchasing an additional 792,450 shares during the last quarter. Two Sigma Investments LP grew its stake in Sasol by 100.7% during the fourth quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock worth $4,807,000 after buying an additional 528,860 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Sasol during the fourth quarter worth approximately $1,674,000. Renaissance Technologies LLC raised its stake in shares of Sasol by 119.0% in the fourth quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company’s stock valued at $3,055,000 after acquiring an additional 364,111 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Sasol by 108.8% in the 4th quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company’s stock worth $2,783,000 after acquiring an additional 317,900 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.