South32 (OTCMKTS:SOUHY) Hits New 52-Week High – Still a Buy?

South32 Ltd. (OTCMKTS:SOUHY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $13.47 and last traded at $13.39, with a volume of 33098 shares trading hands. The stock had previously closed at $13.01.

Analyst Ratings Changes

SOUHY has been the subject of a number of research analyst reports. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Jefferies Financial Group raised South32 from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. 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 MarketBeat.com, the stock currently has an average rating of “Hold”.

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 firm has a 50 day moving average price of $11.33 and a 200-day moving average price of $10.19.

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.