SSE (LON:SSE) Shares Cross Above 200-Day Moving Average - Should You Sell?

SSE plc (LON:SSE - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,648.46 ($22.13) and traded as high as GBX 1,883.50 ($25.28). SSE shares last traded at GBX 1,883.50 ($25.28), with a volume of 2,186,555 shares.

SSE Stock Performance

The company's fifty day simple moving average is GBX 1,798.47 and its 200 day simple moving average is GBX 1,648.77. The company has a current ratio of 1.10, a quick ratio of 0.50 and a debt-to-equity ratio of 82.62. The stock has a market capitalization of £20.63 billion, a P/E ratio of 12.03, a P/E/G ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported GBX 160.90 ($2.16) earnings per share (EPS) for the quarter. SSE had a net margin of 16.36% and a return on equity of 17.83%. As a group, sell-side analysts forecast 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 Alistair Phillips-Davies sold 43,145 shares of SSE stock in a transaction dated Friday, June 6th. The shares were sold at an average price of GBX 1,755 ($23.56), for a total transaction of £757,194.75 ($1,016,368.79). Also, insider Barry O'Regan sold 6,555 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of GBX 1,755 ($23.56), for a total transaction of £115,040.25 ($154,416.44). Over the last quarter, insiders have bought 20 shares of company stock worth $35,434 and have sold 78,149 shares worth $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.