South32 (OTCMKTS:SOUHY) Shares Gap Down – What’s Next?

South32 Ltd. (OTCMKTS:SOUHYGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $14.69, but opened at $13.52. South32 shares last traded at $13.56, with a volume of 7,127 shares traded.

Analyst Upgrades and Downgrades

SOUHY has been the topic of several recent analyst reports. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Citigroup reissued a “buy” rating on shares of South32 in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

View Our Latest Stock Report on South32

South32 Trading Down 0.5%

The firm’s 50-day moving average is $15.26 and its 200 day moving average is $15.03. 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.

Featured 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.