SSE (LON:SSE) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

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 crossed 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.

SSE Price Performance

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 stock has a market cap of £19.95 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 3.06 and a beta of 0.56. The stock has a fifty day moving average of GBX 1,834.80 and a 200 day moving average of GBX 1,675.46.

SSE (LON:SSE - Get Free Report) last released 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%. On average, analysts expect that SSE plc will post 163.8865004 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Martin Pibworth sold 28,449 shares of SSE stock in a transaction dated 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 ($671,053.60). Also, insider Alistair Phillips-Davies sold 43,145 shares of SSE stock in a transaction that occurred on 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 ($1,018,282.34). Over the last quarter, insiders bought 18 shares of company stock valued at $32,022 and sold 78,149 shares valued at $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.