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SSE (LON:SSE) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

SSE logo with Utilities background

SSE plc (LON:SSE - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,618.50 ($21.80) and traded as high as GBX 1,833.50 ($24.69). SSE shares last traded at GBX 1,827.65 ($24.61), with a volume of 3,126,085 shares.

SSE Trading Up 0.4%

The stock's fifty day simple moving average is GBX 1,712.32 and its 200-day simple moving average is GBX 1,621.74. The firm has a market cap of £19.98 billion, a PE ratio of 11.65, 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.

SSE (LON:SSE - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported GBX 160.90 ($2.17) earnings per share (EPS) for the quarter. SSE had a net margin of 16.36% and a return on equity of 17.83%. On average, sell-side analysts forecast that SSE plc will post 163.8865004 earnings per share for the current year.

Insider Activity at SSE

In related news, insider Barry O'Regan sold 6,555 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of GBX 1,755 ($23.63), for a total transaction of £115,040.25 ($154,915.50). Also, insider Alistair Phillips-Davies sold 43,145 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of GBX 1,755 ($23.63), for a total transaction of £757,194.75 ($1,019,653.58). Over the last three months, insiders acquired 11 shares of company stock worth $19,234 and sold 78,149 shares worth $137,123,046. 0.12% of the stock is currently owned by insiders.

About SSE

(Get Free Report)

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.

Further Reading

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