SSE (OTCMKTS:SSEZY) Sees Large Volume Increase – Still a Buy?

Sse Plc (OTCMKTS:SSEZY) shares saw an uptick in trading volume on Wednesday . 317,146 shares were traded during mid-day 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.

Analyst Upgrades and Downgrades

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

SSE Stock Down 1.7%

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 company has a fifty day moving average of $24.77 and a 200-day moving average 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.