SSE (OTCMKTS:SSEZY) Hits New 52-Week Low - What's Next?

SSE plc (OTCMKTS:SSEZY - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $18.76 and last traded at $20.06, with a volume of 64680 shares. The stock had previously closed at $20.15.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SSEZY shares. Citigroup cut shares of SSE from a "hold" rating to a "strong sell" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of SSE in a research note on Wednesday, October 2nd. They issued a "hold" rating on the stock. Finally, Barclays raised shares of SSE to a "strong-buy" rating in a research report on Monday, September 30th.

SSE Stock Down 0.4 %

The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.68. The company's fifty day moving average is $22.19 and its 200-day moving average is $23.78.

SSE Cuts Dividend

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