SSE (LON:SSE) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• SSE plc's share price has crossed above its 200-day moving average of GBX 1,661.59, now trading at GBX 1,839 ($24.57).
• The company reported a quarterly earnings per share (EPS) of GBX 160.90 ($2.15), with analysts forecasting an EPS of 163.89 for the current fiscal year.
• Recent insider transactions included significant stock sales, with insiders selling a total of 78,149 shares worth over £137 million, while only buying 20 shares.

SSE plc (LON:SSE - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,661.59 ($21.95) and traded as high as GBX 1,868 ($24.68). SSE shares last traded at GBX 1,839 ($24.29), with a volume of 1,836,394 shares.

SSE Trading Down 0.1%

The company has a market cap of £20.23 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 3.06 and a beta of 0.56. The company has a debt-to-equity ratio of 82.62, a current ratio of 1.10 and a quick ratio of 0.50. The business's 50-day simple moving average is GBX 1,825.31 and its 200-day simple moving average is GBX 1,666.29.

SSE (LON:SSE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported GBX 160.90 ($2.13) earnings per share for the quarter. SSE had a net margin of 16.36% and a return on equity of 17.83%. Research analysts predict that SSE plc will post 163.8865004 earnings per share for the current fiscal year.

Insider Buying and Selling at SSE

In other news, insider Barry O'Regan sold 6,555 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of GBX 1,755 ($23.18), for a total value of £115,040.25 ($151,968.63). Also, insider Martin Pibworth sold 28,449 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of GBX 1,754 ($23.17), for a total transaction of £498,995.46 ($659,174.98). In the last ninety days, insiders have bought 18 shares of company stock worth $32,022 and have sold 78,149 shares worth $137,123,046. 0.12% of the stock is owned by insiders.

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.