Ceres Power (LON:CWR) Share Price Crosses Below 200 Day Moving Average of $178.07

Ceres Power Holdings plc (LON:CWR) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 178.07 ($2.24) and traded as low as GBX 169 ($2.12). Ceres Power shares last traded at GBX 178.90 ($2.25), with a volume of 1,437,064 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 800 ($10.05) price objective on shares of Ceres Power in a research note on Monday, April 15th.

Ceres Power Stock Up 2.9 %

The company has a debt-to-equity ratio of 1.37, a current ratio of 8.24 and a quick ratio of 12.18. The company has a market capitalization of £355.16 million, a PE ratio of -688.08 and a beta of 1.53. The business has a 50-day moving average of GBX 149.85 and a 200 day moving average of GBX 178.07.

Insider Buying and Selling

In other news, insider Warren Finegold bought 20,052 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of GBX 225 ($2.83) per share, for a total transaction of £45,117 ($56,672.53). 39.65% of the stock is owned by company insiders.

About Ceres Power

Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in North America, Asia, and Europe. The company offers SteelCell, a solid oxide fuel cell that generates power from conventional and sustainable fuels, such as natural gas, biogas, ethanol, and hydrogen.