South32 (OTCMKTS:SOUHY) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

South32 Ltd. (OTCMKTS:SOUHYGet Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $15.22 and traded as high as $17.31. South32 shares last traded at $17.22, with a volume of 43,051 shares traded.

Analyst Upgrades and Downgrades

SOUHY has been the topic of a number of research analyst reports. Citigroup reiterated a “buy” rating on shares of South32 in a research report on Tuesday, May 26th. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Get Our Latest Analysis on SOUHY

South32 Stock Performance

The business has a 50 day simple moving average of $15.22 and a two-hundred day simple moving average of $15.40. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.14.

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.

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