SSE (OTCMKTS:SSEZY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Sse Plc (OTCMKTS:SSEZY) saw an uptick in trading volume on Thursday. 756,193 shares were traded during trading, an increase of 216% from the average daily volume of 239,316 shares. The stock last traded at $35.68 and had previously closed at $35.69.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SSEZY. Oddo Bhf initiated coverage on shares of SSE in a research note on Monday, October 5th. They issued an “outperform” rating on the stock. Sanford C. Bernstein initiated coverage on shares of SSE in a research report on Thursday, September 3rd. They set an “outperform” rating for the company. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

SSE Price Performance

The business has a 50 day moving average price of $33.19 and a 200 day moving average price of $33.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.20 and a quick ratio of 1.12.

About SSE

SSE plc is a UK-based energy company focused on developing and operating electricity infrastructure. Its activities include renewable power generation and electricity networks, with operations primarily in the United Kingdom and Ireland.

Through SSE Renewables, the company develops and operates assets including offshore and onshore wind farms and hydroelectric power stations. Its networks businesses operate electricity transmission infrastructure in the north of Scotland and distribution networks across northern Scotland and parts of central southern England.

SSE was formed in 1998 through the merger of Scottish Hydro-Electric and Southern Electric.