SSE (LON:SSE) Sets New 52-Week Low - Here's What Happened

SSE plc (LON:SSE - Get Free Report) hit a new 52-week low on Monday . The company traded as low as GBX 1,533.50 ($19.27) and last traded at GBX 1,534.50 ($19.28), with a volume of 4012454 shares changing hands. The stock had previously closed at GBX 1,560 ($19.61).

Wall Street Analyst Weigh In

Separately, Citigroup reissued a "sell" rating on shares of SSE in a report on Thursday, December 5th.

SSE Stock Performance

The firm's fifty day simple moving average is GBX 1,605.56 and its 200 day simple moving average is GBX 1,770.61. The company has a debt-to-equity ratio of 82.62, a current ratio of 1.10 and a quick ratio of 0.50. The company has a market capitalization of £16.51 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The company reported GBX 49.80 ($0.63) earnings per share (EPS) for the quarter. SSE had a net margin of 16.36% and a return on equity of 17.83%. On average, sell-side analysts forecast that SSE plc will post 163.8865004 EPS for the current year.

SSE Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, January 2nd will be given a dividend of GBX 21.20 ($0.27) per share. This represents a yield of 1.25%. The ex-dividend date of this dividend is Thursday, January 2nd. SSE's payout ratio is presently 38.33%.

About SSE

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation. Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.