South32 (OTCMKTS:SOUHY) Sets New 1-Year High – Here’s What Happened

South32 Ltd. (OTCMKTS:SOUHY) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.31 and last traded at $18.31, with a volume of 8907 shares trading hands. The stock had previously closed at $17.80.

Wall Street Analyst Weigh In

SOUHY has been the topic of a number of analyst reports. Citigroup restated a “buy” rating on shares of South32 in a research report on Tuesday, May 26th. Zacks Research raised South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

South32 Trading Up 1.7%

The company’s 50 day moving average price is $15.45 and its two-hundred day moving average price is $15.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.71 and a quick ratio of 1.99.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Madison Asset Management LLC purchased a new position in shares of South32 during the 2nd quarter worth $1,618,000. J.Safra Asset Management Corp acquired a new position in South32 in the second quarter valued at about $266,000. Public Employees Retirement System of Ohio purchased a new position in South32 during the second quarter worth about $81,000. Finally, Ancora Advisors LLC purchased a new position in South32 during the second quarter worth about $252,000. 0.06% of the stock is currently owned by hedge funds and other institutional investors.

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.