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

Key Points

• SSE plc's stock price has exceeded its 200-day moving average, reaching a high of GBX 1,862.50 ($24.76) during trading, and closing at GBX 1,855.09 ($24.67).
• The company recently reported an earnings per share (EPS) of GBX 160.90 ($2.14) and analysts expect an EPS of 163.89 for the current fiscal year.
• Insider activity revealed that executives sold a total of 78,149 shares over the past ninety days while only purchasing 18 shares, indicating potential concerns from insiders about the company's stock outlook.

SSE plc (LON:SSE - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,671.32 ($22.48) and traded as high as GBX 1,862.50 ($25.05). SSE shares last traded at GBX 1,855.09 ($24.95), with a volume of 1,364,700 shares traded.

SSE Trading Up 0.1%

The firm has a market cap of £19.98 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 3.06 and a beta of 0.56. The company has a 50-day moving average price of GBX 1,836.06 and a 200 day moving average price of GBX 1,677.67. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62.

SSE (LON:SSE - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported GBX 160.90 ($2.16) EPS for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. As a group, research analysts anticipate that SSE plc will post 163.8865004 earnings per share for the current fiscal year.

Insider Activity at SSE

In related news, insider Martin Pibworth sold 28,449 shares of SSE stock in a transaction on Friday, June 6th. The stock was sold at an average price of GBX 1,754 ($23.59), for a total transaction of £498,995.46 ($671,143.86). Also, insider Alistair Phillips-Davies sold 43,145 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of GBX 1,755 ($23.60), for a total value of £757,194.75 ($1,018,419.30). Over the last 90 days, insiders bought 20 shares of company stock valued at $35,744 and sold 78,149 shares valued at $137,123,046. 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.