SSE (OTCMKTS:SSEZY) Shares Break Below 200-Day Moving Average – Time to Sell?

Sse Plc (OTCMKTS:SSEZY)’s stock price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $33.40 and traded as low as $33.15. SSE shares last traded at $33.15, with a volume of 108,809 shares.

Analyst Upgrades and Downgrades

SSEZY has been the subject of several research reports. Oddo Bhf began coverage on shares of SSE in a report on Monday, October 5th. They issued an “outperform” rating for the company. Sanford C. Bernstein started coverage on SSE in a research note on Thursday, September 3rd. They set an “outperform” rating on the stock. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

SSE Stock Up 4.1%

The company has a quick ratio of 1.12, a current ratio of 1.20 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average price is $32.80 and its 200 day moving average price is $33.44.

About SSE

SSE plc is a United Kingdom-based energy infrastructure company headquartered in Perth, Scotland. The company develops, owns and operates assets across the electricity sector, with a particular focus on renewable energy, electricity networks and low-carbon infrastructure.

SSE’s activities include the generation of electricity from renewable sources such as offshore and onshore wind, hydroelectric power and energy-from-waste facilities, as well as the operation of thermal power assets. Through its SSEN businesses, the company also owns and operates electricity transmission and distribution networks serving northern Scotland and other parts of Great Britain.

The company was formed in 1998 through the merger of Scottish Hydro-Electric and Southern Electric.