SSE (OTCMKTS:SSEZY) Sets New 1-Year Low – Here’s Why

SSE plc (OTCMKTS:SSEZY) hit a new 52-week low during trading on Tuesday . The stock traded as low as $18.60 and last traded at $18.61, with a volume of 138077 shares trading hands. The stock had previously closed at $19.18.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Citigroup upgraded SSE from a “strong sell” rating to a “hold” rating in a research note on Monday, January 20th. UBS Group raised shares of SSE from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

SSE Price Performance

The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $19.96 and its 200-day moving average is $22.69.

SSE Cuts Dividend

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

About SSE

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.