SSE (LON:SSE) Shares Cross Above Two Hundred Day Moving Average - What's Next?

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.

SSE plc (LON:SSE - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,688.60 ($22.77) and traded as high as GBX 1,797.50 ($24.23). SSE shares last traded at GBX 1,794 ($24.19), with a volume of 1,568,387 shares changing hands.

SSE Stock Up 0.2%

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 firm has a market cap of £19.59 billion, a PE ratio of 11.43, a P/E/G ratio of 3.06 and a beta of 0.56. The firm's 50 day moving average is GBX 1,836.48 and its 200-day moving average is GBX 1,693.40.

Insider Activity at SSE

In other news, insider Martin Pibworth sold 28,449 shares of the stock in a transaction on 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 Barry O'Regan sold 6,555 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of GBX 1,755, for a total transaction of £115,040.25. Over the last 90 days, insiders have bought 20 shares of company stock valued at $35,744 and have sold 78,149 shares valued at $137,123,046. 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.