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

Shares of South32 Ltd. (OTCMKTS:SOUHY) gapped down before the market opened on Wednesday . The stock had previously closed at $11.65, but opened at $11.01. South32 shares last traded at $11.3550, with a volume of 3,336 shares.

Analyst Upgrades and Downgrades

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

South32 Stock Down 0.5%

The company has a quick ratio of 1.83, a current ratio of 2.43 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $10.61 and a 200-day moving average price of $9.83.

About South32

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.