SSE (OTCMKTS:SSEZY) Shares Gap Down - Time to Sell?

Key Points

• SSE PLC's shares gapped down significantly, opening at $21.81 after closing at $23.60, with last traded price at $21.96.
• Analysts maintain a Buy rating on SSE, with two analysts providing a Strong Buy rating and an average of "Buy" across six analysts.
• The company has announced an increase in its dividend to $0.537, offering a notable yield of 310.0%, compared to the previous dividend of $0.27.

Shares of Sse Plc (OTCMKTS:SSEZY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $23.60, but opened at $21.81. SSE shares last traded at $21.96, with a volume of 8,395 shares.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reissued an "overweight" rating on shares of SSE in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy".

SSE Trading Up 2.8%

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 firm's fifty day simple moving average is $24.70 and its 200-day simple moving average is $23.01.

SSE Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, July 28th will be given a $0.537 dividend. This is an increase from SSE's previous dividend of $0.27. This represents a dividend yield of 310.0%. The ex-dividend date is Friday, July 25th.

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.