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

Sse Plc (OTCMKTS:SSEZY) shares saw unusually-strong trading volume on Wednesday . Approximately 317,146 shares traded hands during trading, an increase of 111% from the previous session’s volume of 150,295 shares.The stock last traded at $29.13 and had previously closed at $29.65.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SSEZY shares. Citigroup downgraded shares of SSE from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. Zacks Research downgraded SSE from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SSE in a research note on Friday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of SSE in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

SSE Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $24.77 and a two-hundred day moving average price of $24.55.

About SSE

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.