SSE (LON:SSE) Stock Crosses Above 200 Day Moving Average – Time to Sell?

SSE plc (LON:SSE) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,807.51 ($23.60) and traded as high as GBX 1,940 ($25.33). SSE shares last traded at GBX 1,932 ($25.23), with a volume of 3,049,653 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SSE in a report on Friday, July 5th.

SSE Price Performance

The company’s fifty day moving average price is GBX 1,906.72 and its two-hundred day moving average price is GBX 1,809.03. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 78.20. The company has a market cap of £20.96 billion, a price-to-earnings ratio of 1,221.15, a PEG ratio of 3.06 and a beta of 0.56.

Insider Buying and Selling

In other news, insider Martin Pibworth acquired 40 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of GBX 1,938 ($25.31) per share, for a total transaction of £775.20 ($1,012.27). Company insiders own 0.12% of the company’s stock.

About SSE

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.