SSE (OTCMKTS:SSEZY) Sees Strong Trading Volume – Time to Buy?

Sse Plc (OTCMKTS:SSEZY) shares saw unusually-strong trading volume on Wednesday . Approximately 184,107 shares traded hands during trading, an increase of 13% from the previous session’s volume of 162,922 shares.The stock last traded at $28.88 and had previously closed at $28.83.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SSEZY shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of SSE in a research report on Friday, November 14th. Zacks Research cut shares of SSE from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SSE in a report on Friday, November 14th. Finally, Citigroup cut shares of 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 issued a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

SSE Stock Up 2.5%

The firm’s fifty day simple moving average is $25.40 and its 200 day simple moving average is $24.76. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

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.