SSE (LON:SSE) Share Price Crosses Above 200-Day Moving Average - Here's Why

SSE plc (LON:SSE - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,616.65 ($21.85) and traded as high as GBX 1,784.50 ($24.11). SSE shares last traded at GBX 1,743 ($23.55), with a volume of 10,897,498 shares.

SSE Stock Performance

The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62. The stock has a fifty day moving average of GBX 1,635.79 and a 200-day moving average of GBX 1,614.20. The stock has a market cap of £19.12 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported GBX 160.90 ($2.17) earnings per share for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. On average, equities analysts forecast that SSE plc will post 163.8865004 EPS for the current year.

SSE Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, January 2nd were given a dividend of GBX 21.20 ($0.29) per share. The ex-dividend date was Thursday, January 2nd. This represents a dividend yield of 1.25%. SSE's payout ratio is 38.33%.

Insider Buying and Selling

In other SSE news, insider Alistair Phillips-Davies acquired 31 shares of the stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of GBX 1,508 ($20.38) per share, with a total value of £467.48 ($631.73). Insiders own 0.12% of the company's stock.

SSE Company Profile

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.