SSE (OTCMKTS:SSEZY) Shares Cross Below 50-Day Moving Average – Here’s What Happened

SSE plc (OTCMKTS:SSEZY)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $19.56 and traded as low as $19.08. SSE shares last traded at $20.13, with a volume of 64,009 shares changing hands.

Wall Street Analyst Weigh In

SSEZY has been the subject of several research reports. UBS Group upgraded SSE from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Citigroup raised SSE from a “strong sell” rating to a “hold” rating in a research note on Monday, January 20th.

SSE Trading Up 3.1 %

The stock has a 50 day simple moving average of $19.59 and a two-hundred day simple moving average of $21.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 0.92.

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.