SSE (OTCMKTS:SSEZY) Reaches New 52-Week High - Here's Why

SSE PLC (OTCMKTS:SSEZY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.11 and last traded at $27.02, with a volume of 8674 shares. The stock had previously closed at $26.33.

Wall Street Analyst Weigh In

SSEZY has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated an "outperform" rating on shares of SSE in a research note on Thursday, March 27th. Morgan Stanley reiterated an "overweight" rating on shares of SSE in a research note on Friday, May 23rd. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy".

SSE Price Performance

The business's fifty day moving average price is $25.01 and its 200 day moving average price is $22.05. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

SSE Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, July 28th will be issued a $0.537 dividend. This represents a yield of 3.1%. The ex-dividend date is Friday, July 25th. This is a positive change from SSE's previous dividend of $0.27.

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.