SSE (OTCMKTS:SSEZY) Sets New 1-Year Low – What’s Next?

Shares of SSE plc (OTCMKTS:SSEZY) reached a new 52-week low on Thursday . The company traded as low as $19.59 and last traded at $19.88, with a volume of 189301 shares changing hands. The stock had previously closed at $20.00.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SSE in a research report on Wednesday, October 2nd. They issued a “hold” rating on the stock. Citigroup cut shares of SSE from a “hold” rating to a “strong sell” rating in a research report on Friday, October 25th. Finally, Barclays raised shares of SSE to a “strong-buy” rating in a report on Monday, September 30th.

SSE Stock Up 1.4 %

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 business has a 50-day moving average of $22.38 and a 200-day moving average of $23.81.

SSE Cuts Dividend

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