SSE (LON:SSE) Share Price Passes Below 200-Day Moving Average – Should You Sell?

SSE plc (LON:SSE)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a “sell” rating on shares of SSE in a research report on Thursday, December 5th.

SSE Stock Performance

The company’s fifty day simple moving average is GBX 1,729.56 and its two-hundred day simple moving average is GBX 1,815.20. The company has a market capitalization of £17.64 billion, a price-to-earnings ratio of 1,028.21, a price-to-earnings-growth 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.

SSE Cuts Dividend

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

SSE Company Profile

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.