Ceres Power (LON:CWR) Stock Price Passes Below Two Hundred Day Moving Average of $207.63

Ceres Power Holdings plc (LON:CWR)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 207.63 ($2.62) and traded as low as GBX 130.90 ($1.65). Ceres Power shares last traded at GBX 143.60 ($1.81), with a volume of 308,430 shares trading hands.

Ceres Power Stock Performance

The firm has a market capitalization of £277.18 million, a price-to-earnings ratio of -552.31 and a beta of 1.58. The company has a debt-to-equity ratio of 1.37, a quick ratio of 12.18 and a current ratio of 8.24. The firm’s 50-day moving average price is GBX 176.46 and its two-hundred day moving average price is GBX 207.63.

Insider Buying and Selling at Ceres Power

In other news, insider Warren Finegold purchased 20,052 shares of Ceres Power stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of GBX 225 ($2.84) per share, for a total transaction of £45,117 ($57,016.30). In other news, insider Karen Bomba purchased 12,121 shares of Ceres Power stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of GBX 231 ($2.92) per share, for a total transaction of £27,999.51 ($35,384.19). Also, insider Warren Finegold bought 20,052 shares of Ceres Power stock in a transaction dated Thursday, February 1st. The shares were bought at an average price of GBX 225 ($2.84) per share, for a total transaction of £45,117 ($57,016.30). Company insiders own 39.65% of the company’s stock.

Ceres Power Company Profile

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.