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

SSE logo with Utilities background

SSE plc (LON:SSE - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,627.95 ($22.23) and traded as high as GBX 1,858.50 ($25.38). SSE shares last traded at GBX 1,831.56 ($25.01), with a volume of 1,926,154 shares changing hands.

SSE Trading Up 0.2%

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 £20.47 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 3.06 and a beta of 0.56. The firm has a 50-day moving average of GBX 1,764.32 and a 200 day moving average of GBX 1,631.38.

SSE (LON:SSE - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported GBX 160.90 ($2.20) EPS for the quarter. SSE had a return on equity of 17.83% and a net margin of 16.36%. As a group, equities analysts predict that SSE plc will post 163.8865004 EPS for the current fiscal year.

Insider Activity

In other news, insider Alistair Phillips-Davies sold 43,145 shares of SSE stock in a transaction on Friday, June 6th. The stock was sold at an average price of GBX 1,755 ($23.97), for a total transaction of £757,194.75 ($1,033,995.29). Also, insider Barry O'Regan sold 6,555 shares of SSE stock in a transaction on Friday, June 6th. The shares were sold at an average price of GBX 1,755 ($23.97), for a total value of £115,040.25 ($157,094.43). In the last ninety days, insiders have bought 11 shares of company stock worth $19,234 and have sold 78,149 shares worth $137,123,046. 0.12% of the stock is 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.

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