SSE (OTCMKTS:SSEZY) Hits New 52-Week High – Time to Buy?

Sse Plc (OTCMKTS:SSEZY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $37.04 and last traded at $36.93, with a volume of 78573 shares traded. The stock had previously closed at $36.61.

Analyst Ratings Changes

SSEZY has been the topic of several recent analyst reports. UBS Group cut SSE from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 27th. Zacks Research raised SSE from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th. Citigroup restated a “sell” rating on shares of SSE in a report on Monday, January 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SSE in a research note on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

SSE Stock Performance

The company has a 50 day simple moving average of $34.39 and a 200-day simple moving average of $29.18. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.65.

About SSE

SSE plc (OTCMKTS:SSEZY) is a United Kingdom–based energy company engaged across the electricity value chain. Its principal activities include power generation, energy supply to residential and commercial customers, and ownership/operation of electricity networks. The company has a significant presence in renewable energy development alongside conventional generation, and it provides a range of energy-related services and infrastructure solutions.

On the generation side, SSE’s portfolio spans both low-carbon technologies—such as onshore and offshore wind and hydroelectric assets—and thermal generation that supports system reliability.