South32 (OTCMKTS:SOUHY) Shares Gap Down – Here’s Why

South32 Ltd. (OTCMKTS:SOUHYGet Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $16.39, but opened at $15.46. South32 shares last traded at $15.8550, with a volume of 2,617 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SOUHY shares. Zacks Research downgraded South32 from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. Citigroup raised South32 from a “neutral” rating to a “buy” rating in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, South32 has an average rating of “Hold”.

View Our Latest Stock Report on South32

South32 Price Performance

The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $15.60 and a two-hundred day simple moving average of $13.13.

South32 Company Profile

(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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