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

Key Points

• SSE shares experienced a significant increase in trading volume, rising by 260% to 513,045 shares traded on Wednesday.
• Analysts have mixed views on SSE, with Zacks Research downgrading the stock from a "strong-buy" to a "hold" rating, resulting in a consensus rating of "Moderate Buy".
• The company declared a new dividend of $0.537 per share, representing a yield of 310%, up from the previous dividend of $0.27.

Sse Plc (OTCMKTS:SSEZY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 513,045 shares changed hands during mid-day trading, an increase of 260% from the previous session's volume of 142,473 shares.The stock last traded at $23.23 and had previously closed at $23.24.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of SSE from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

SSE Trading Down 0.1%

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 0.91. The stock has a 50-day simple moving average of $24.01 and a 200-day simple moving average of $23.30.

SSE Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, July 28th will be given a dividend of $0.537 per share. This represents a yield of 310.0%. 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.

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