SSE (OTCMKTS:SSEZY) Sets New 52-Week Low – What’s Next?

SSE plc (OTCMKTS:SSEZY)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $19.59 and last traded at $19.88, with a volume of 189301 shares traded. The stock had previously closed at $20.00.

Analyst Upgrades and Downgrades

SSEZY has been the subject of several analyst reports. Citigroup downgraded SSE from a “hold” rating to a “strong sell” rating in a report on Friday, October 25th. Barclays upgraded SSE to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on SSE in a research report on Wednesday, October 2nd. They set a “hold” rating for the company.

SSE Trading Down 0.6 %

The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average price of $22.54 and a two-hundred day moving average price of $23.86.

SSE Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, January 3rd will be given a dividend of $0.2658 per share. The ex-dividend date of this dividend is Friday, January 3rd.

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.