SSE (OTCMKTS:SSEZY) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of Sse Plc (OTCMKTS:SSEZY) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $33.81 and traded as low as $31.82. SSE shares last traded at $31.88, with a volume of 132,672 shares traded.

Analysts Set New Price Targets

SSEZY has been the topic of several recent research reports. Zacks Research upgraded SSE from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. The Goldman Sachs Group restated a “neutral” rating on shares of SSE in a research note on Monday, March 23rd. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

SSE Trading Down 0.8%

The company has a debt-to-equity ratio of 0.65, a current ratio of 0.97 and a quick ratio of 0.89. The firm has a 50 day moving average of $33.81 and a two-hundred day moving average of $33.19.

About SSE

SSE plc (OTCMKTS:SSEZY) is a United Kingdom–based energy company engaged across the electricity value chain. Its principal activities include power generation, energy supply to residential and commercial customers, and ownership/operation of electricity networks. The company has a significant presence in renewable energy development alongside conventional generation, and it provides a range of energy-related services and infrastructure solutions.

On the generation side, SSE’s portfolio spans both low-carbon technologies—such as onshore and offshore wind and hydroelectric assets—and thermal generation that supports system reliability.