South32 (OTCMKTS:SOUHY) Hits New 52-Week High – What’s Next?

South32 Ltd. (OTCMKTS:SOUHY)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $13.47 and last traded at $13.39, with a volume of 33098 shares trading hands. The stock had previously closed at $13.01.

Wall Street Analyst Weigh In

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

South32 Stock Performance

The business has a 50-day moving average price of $11.21 and a two-hundred day moving average price of $10.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.83 and a current ratio of 2.43.

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.