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

SSE plc (LON:SSE - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,627.95 ($22.22) and traded as high as GBX 1,858.50 ($25.37). SSE shares last traded at GBX 1,831.56 ($25.00), with a volume of 1,926,154 shares changing hands.

SSE Stock Up 2.8%

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 company has a 50-day simple moving average of GBX 1,759.36 and a 200 day simple moving average of GBX 1,629.55. The company has a market cap of £20.44 billion, a P/E ratio of 11.92, a P/E/G ratio of 3.06 and a beta of 0.56.

SSE (LON:SSE - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported GBX 160.90 ($2.20) 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, equities analysts anticipate that SSE plc will post 163.8865004 EPS for the current year.

Insider Buying and Selling at SSE

In related news, insider Alistair Phillips-Davies sold 43,145 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of GBX 1,755 ($23.96), for a total value of £757,194.75 ($1,033,712.97). Also, insider Martin Pibworth sold 28,449 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of GBX 1,754 ($23.95), for a total value of £498,995.46 ($681,222.47). In the last three months, insiders purchased 11 shares of company stock valued at $19,234 and sold 78,149 shares valued at $137,123,046. 0.12% of the stock is owned by corporate insiders.

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.