SSE (OTCMKTS:SSEZY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Sse Plc (OTCMKTS:SSEZY) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $35.74 and traded as low as $35.56. SSE shares last traded at $36.26, with a volume of 74,661 shares changing hands.

Analysts Set New Price Targets

SSEZY has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of SSE in a research note on Monday, March 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of SSE in a research note on Wednesday, January 7th. Citigroup reaffirmed a “sell” rating on shares of SSE in a research note on Monday, January 26th. Finally, Zacks Research downgraded SSE from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, SSE presently has a consensus rating of “Hold”.

SSE Stock Down 0.9%

The firm has a 50 day moving average of $35.74 and a two-hundred day moving average of $31.84. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.65.

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.