SSE (OTCMKTS:SSEZY) Sets New 12-Month Low – Time to Sell?

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. The stock had previously closed at $20.00.

Analyst Ratings Changes

A number of brokerages recently issued reports on SSEZY. Deutsche Bank Aktiengesellschaft started coverage on shares of SSE in a research report on Wednesday, October 2nd. They set a “hold” rating for the company. Citigroup lowered SSE from a “hold” rating to a “strong sell” rating in a research report on Friday, October 25th. Finally, Barclays raised SSE to a “strong-buy” rating in a research report on Monday, September 30th.

SSE Stock Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.10 and a quick ratio of 1.03. The company’s 50-day moving average price is $22.54 and its two-hundred day moving average price is $23.86.

SSE Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.2658 per share. The ex-dividend date 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.