SSE (OTCMKTS:SSEZY) Shares Gap Down – Time to Sell?

SSE PLC (OTCMKTS:SSEZY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $23.60, but opened at $21.81. SSE shares last traded at $21.96, with a volume of 8,395 shares traded.

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of SSE in a research note on Friday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, SSE currently has an average rating of “Buy”.

SSE Stock Performance

The stock’s 50 day moving average is $25.00 and its 200 day moving average is $22.95. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

SSE Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, July 28th will be paid a $0.537 dividend. This represents a yield of 310.0%. The ex-dividend date of this dividend is Friday, July 25th. This is a positive change from SSE’s previous dividend of $0.27.

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.