South32 (OTCMKTS:SOUHY) Shares Gap Down – Should You Sell?

South32 Ltd. (OTCMKTS:SOUHYGet Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $15.71, but opened at $15.0565. South32 shares last traded at $15.17, with a volume of 8,449 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SOUHY. Zacks Research cut shares of South32 from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Citigroup restated a “buy” rating on shares of South32 in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Report on South32

South32 Stock Down 3.6%

The business’s 50 day moving average is $15.90 and its 200 day moving average is $14.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.71 and a quick ratio of 1.99.

About South32

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for South32 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South32 and related companies with MarketBeat.com's FREE daily email newsletter.