SSE (LON:SSE) Stock Crosses Above 200 Day Moving Average – What’s Next?

SSE plc (LON:SSE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

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

SSE Stock Down 1.8 %

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 50 day simple moving average of GBX 1,908.32 and a two-hundred day simple moving average of GBX 1,816.84. The company has a market capitalization of £19.97 billion, a P/E ratio of 1,183.97, a PEG ratio of 3.06 and a beta of 0.56.

Insider Activity

In other news, insider Martin Pibworth acquired 40 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was bought at an average cost of GBX 1,938 ($25.16) per share, with a total value of £775.20 ($1,006.49). Corporate 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.