SSE (LON:SSE) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• SSE plc's share price has recently crossed above its 200-day moving average, indicating potential upward momentum, with the stock last traded at GBX 1,794 ($24.07).
• The company reported a net margin of 16.36% and has a current PE ratio of 11.46, reflecting its profitability and market valuation.
• Insider transactions reveal significant selling activity, with insiders selling over 78,000 shares worth approximately £137 million, raising questions about future stock performance.

Shares of SSE plc (LON:SSE - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,688.60 ($22.79) and traded as high as GBX 1,797.50 ($24.26). SSE shares last traded at GBX 1,794 ($24.22), with a volume of 1,568,387 shares traded.

SSE Stock Up 0.1%

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 firm has a market capitalization of £19.59 billion, a P/E ratio of 11.42, a P/E/G ratio of 3.06 and a beta of 0.56. The stock's 50-day simple moving average is GBX 1,835.91 and its 200-day simple moving average is GBX 1,694.05.

Insider Buying and Selling at SSE

In other SSE news, insider Martin Pibworth sold 28,449 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of GBX 1,754, for a total value of £498,995.46. Also, insider Alistair Phillips-Davies sold 43,145 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of GBX 1,755, for a total transaction of £757,194.75. Over the last three months, insiders have purchased 20 shares of company stock worth $35,744 and have sold 78,149 shares worth $137,123,046. Corporate 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.