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

SSE logo with Computer and Technology background

Key Points

  • SSE shares experienced a significant gap down from a previous closing price of $23.79 to an opening price of $23.15, indicating potential investor concerns.
  • Zacks Research downgraded SSE's rating from "strong-buy" to "hold," while the overall consensus remains a "Moderate Buy" with varying analyst ratings.
  • SSE recently announced a dividend increase to $0.537 per share, up from $0.27, which provides a substantial yield of 310.0% for shareholders.
  • Interested in SSE? Here are five stocks we like better.

Shares of Sse Plc (OTCMKTS:SSEZY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $23.79, but opened at $23.15. SSE shares last traded at $23.17, with a volume of 1,566 shares.

Analyst Ratings Changes

Separately, Zacks Research cut SSE from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, SSE currently has a consensus rating of "Moderate Buy".

Read Our Latest Stock Analysis on SSE

SSE Price Performance

The company has a fifty day simple moving average of $23.67 and a 200-day simple moving average of $23.42. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.68.

SSE Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, July 28th were issued a dividend of $0.537 per share. This is a boost from SSE's previous dividend of $0.27. This represents a yield of 310.0%. The ex-dividend date of this dividend was Friday, July 25th.

About SSE

(Get Free Report)

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.

See Also

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