SSE (LON:SSE) Stock Passes Above 200-Day Moving Average - Here's What Happened

Shares of SSE plc (LON:SSE - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,628.24 ($21.66) and traded as high as GBX 1,721.50 ($22.90). SSE shares last traded at GBX 1,712 ($22.78), with a volume of 2,889,265 shares.

SSE Stock Performance

The company has a current ratio of 1.10, a quick ratio of 0.50 and a debt-to-equity ratio of 82.62. The company has a market cap of £18.59 billion, a PE ratio of 10.84, a P/E/G ratio of 3.06 and a beta of 0.56. The firm's 50-day simple moving average is GBX 1,579.82 and its two-hundred day simple moving average is GBX 1,628.26.

SSE Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, January 2nd were issued a GBX 21.20 ($0.28) dividend. This represents a yield of 1.25%. The ex-dividend date was Thursday, January 2nd. SSE's payout ratio is presently 38.33%.

Insider Activity at SSE

In other news, insider Alistair Phillips-Davies purchased 31 shares of the stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of GBX 1,508 ($20.06) per share, with a total value of £467.48 ($621.90). Company insiders own 0.12% of the company's stock.

About SSE

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation. Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.