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

South32 Ltd. (OTCMKTS:SOUHY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $16.44, but opened at $15.52. South32 shares last traded at $15.98, with a volume of 5,581 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Citigroup reaffirmed a “neutral” rating on shares of South32 in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, South32 has a consensus rating of “Hold”.

South32 Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.43 and a quick ratio of 1.83. The business has a fifty day moving average of $13.36 and a 200-day moving average of $10.97.

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.