SSE (LON:SSE) Stock Passes Above 200 Day Moving Average – Here’s What Happened

SSE plc (LON:SSE) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,816.84 ($23.59) and traded as high as GBX 1,895.50 ($24.61). SSE shares last traded at GBX 1,847 ($23.98), with a volume of 1,816,363 shares trading hands.

Wall Street Analyst Weigh In

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

SSE Stock Performance

The firm’s 50 day simple moving average is GBX 1,907.34 and its 200 day simple moving average is GBX 1,816.93. The firm has a market capitalization of £20.12 billion, a price-to-earnings ratio of 1,172.44, a PEG ratio of 3.06 and a beta of 0.56. The company has a debt-to-equity ratio of 78.20, a quick ratio of 0.50 and a current ratio of 1.10.

Insider Buying and Selling at SSE

In other news, insider Martin Pibworth acquired 40 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of GBX 1,938 ($25.16) per share, with a total value of £775.20 ($1,006.49). Company insiders own 0.12% of the company’s stock.

SSE Company Profile

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.