Ceres Power (LON:CWR) Stock Crosses Below Two Hundred Day Moving Average of $182.10

Ceres Power Holdings plc (LON:CWR)’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 182.10 ($2.25) and traded as low as GBX 132.50 ($1.64). Ceres Power shares last traded at GBX 140.70 ($1.74), with a volume of 736,323 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 800 ($9.88) price objective on shares of Ceres Power in a research note on Monday, April 15th.

Ceres Power Price Performance

The company has a 50-day moving average of GBX 151.96 and a two-hundred day moving average of GBX 182.10. The stock has a market capitalization of £277.18 million, a PE ratio of -541.15 and a beta of 1.53. The company has a debt-to-equity ratio of 1.37, a current ratio of 8.24 and a quick ratio of 12.18.

Insider Buying and Selling

In other Ceres Power news, insider Karen Bomba bought 12,121 shares of Ceres Power stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of GBX 231 ($2.85) per share, for a total transaction of £27,999.51 ($34,584.38). In other Ceres Power news, insider Karen Bomba bought 12,121 shares of Ceres Power stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of GBX 231 ($2.85) per share, for a total transaction of £27,999.51 ($34,584.38). Also, insider Warren Finegold bought 20,052 shares of Ceres Power stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of GBX 225 ($2.78) per share, for a total transaction of £45,117 ($55,727.52). 39.65% of the stock is currently 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.