SSE (OTCMKTS:SSEZY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Sse Plc (OTCMKTS:SSEZY) saw strong trading volume on Monday . 382,666 shares were traded during trading, an increase of 53% from the previous session’s volume of 250,193 shares.The stock last traded at $31.07 and had previously closed at $30.5709.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Zacks Research lowered SSE from a “hold” rating to a “strong sell” rating in a report on Thursday, April 2nd. The Goldman Sachs Group reiterated a “neutral” rating on shares of SSE in a research note on Monday, March 23rd. Finally, Citigroup restated a “sell” rating on shares of SSE in a research note on Monday, January 26th. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

SSE Stock Performance

The company’s 50 day simple moving average is $35.14 and its 200-day simple moving average is $32.56. 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.