SSE (OTCMKTS:SSEZY) Trading Up 1.9% - Here's What Happened

Key Points

• SSE's stock price increased by 1.9% to $23.98, despite a notable decline in trading volume of 69% compared to its average daily volume.
• Analysts have mixed ratings on SSE, with Zacks Research downgrading the stock from a "strong-buy" to a "hold," while the average rating remains a "Moderate Buy."
• Recently, SSE announced a dividend increase to $0.537 per share, resulting in a yield of 310.0%, up from its previous dividend of $0.27.

Sse Plc (OTCMKTS:SSEZY - Get Free Report)'s stock price was up 1.9% during trading on Monday . The company traded as high as $23.98 and last traded at $23.98. Approximately 65,177 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 210,065 shares. The stock had previously closed at $23.54.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of SSE from a "strong-buy" rating to a "hold" rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

SSE Trading Up 1.9%

The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.68. The business's 50 day moving average price is $23.57 and its 200-day moving average price is $23.54.

SSE Increases Dividend

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

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.

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