SSE (OTCMKTS:SSEZY) Reaches New 12-Month High – Here’s What Happened

Shares of Sse Plc (OTCMKTS:SSEZY) hit a new 52-week high on Wednesday . The stock traded as high as $37.15 and last traded at $37.15, with a volume of 20248 shares changing hands. The stock had previously closed at $36.38.

Analyst Upgrades and Downgrades

SSEZY has been the topic of several recent research reports. Zacks Research cut shares of SSE from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 2nd. Morgan Stanley reissued an “overweight” rating on shares of SSE in a research report on Wednesday, January 7th. Citigroup reissued a “sell” rating on shares of SSE in a research report on Monday, January 26th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of SSE in a research report on Monday, March 23rd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

SSE Stock Performance

The stock’s 50-day simple moving average is $35.36 and its 200 day simple moving average is $30.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.97 and a quick ratio of 0.89.

About SSE

SSE plc (OTCMKTS:SSEZY) is a United Kingdom–based energy company engaged across the electricity value chain. Its principal activities include power generation, energy supply to residential and commercial customers, and ownership/operation of electricity networks. The company has a significant presence in renewable energy development alongside conventional generation, and it provides a range of energy-related services and infrastructure solutions.

On the generation side, SSE’s portfolio spans both low-carbon technologies—such as onshore and offshore wind and hydroelectric assets—and thermal generation that supports system reliability.