SSE (OTCMKTS:SSEZY) Shares Cross Below Fifty Day Moving Average – What’s Next?

SSE plc (OTCMKTS:SSEZY)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $25.21 and traded as low as $22.75. SSE shares last traded at $22.85, with a volume of 58,855 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SSEZY. Barclays raised SSE to a “strong-buy” rating in a report on Monday, September 30th. Citigroup cut shares of SSE from a “hold” rating to a “strong sell” rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of SSE in a report on Wednesday, October 2nd. They set a “hold” rating for the company.

SSE Stock Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.10 and a quick ratio of 1.03. The business has a 50 day moving average price of $25.21 and a 200 day moving average price of $23.99.

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.