SSE (LON:SSE) Share Price Crosses Above 200-Day Moving Average - Here's Why

SSE plc (LON:SSE - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,796.86 ($23.52) and traded as high as GBX 1,831.50 ($23.97). SSE shares last traded at GBX 1,818.50 ($23.80), with a volume of 1,527,659 shares changing hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of SSE in a research note on Friday, July 5th.

SSE Trading Up 0.7 %

The business has a 50-day moving average of GBX 1,904.02 and a 200 day moving average of GBX 1,796.86. The stock has a market cap of £20.15 billion, a PE ratio of 1,165.71, a PEG ratio of 2.97 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 Transactions at SSE

In other SSE news, insider Martin Pibworth acquired 40 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of GBX 1,938 ($25.36) per share, for a total transaction of £775.20 ($1,014.53). 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.