SSE (LON:SSE) Shares Cross Below 200 Day Moving Average - Here's Why

SSE plc (LON:SSE - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,816.19 ($22.73) and traded as low as GBX 1,601.50 ($20.04). SSE shares last traded at GBX 1,611.50 ($20.17), with a volume of 1,071,145 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a "sell" rating on shares of SSE in a research note on Thursday, December 5th.

SSE Price Performance

The company has a market cap of £17.64 billion, a price-to-earnings ratio of 1,028.21, a P/E/G ratio of 3.06 and a beta of 0.56. The company's 50-day simple moving average is GBX 1,729.56 and its 200-day simple moving average is GBX 1,815.20. The company has a debt-to-equity ratio of 78.20, a current ratio of 1.10 and a quick ratio of 0.50.

SSE Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, January 2nd will be given a dividend of GBX 21.20 ($0.27) per share. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, January 2nd. SSE's payout ratio is 3,846.15%.

About SSE

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.