South32 (OTCMKTS:SOUHY) Reaches New 1-Year High – What’s Next?

South32 Ltd. (OTCMKTS:SOUHYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.00 and last traded at $13.87, with a volume of 36896 shares changing hands. The stock had previously closed at $13.88.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on South32

South32 Price Performance

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 stock has a 50 day moving average of $11.63 and a 200 day moving average of $10.29.

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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