Ceres Power (LON:CWR) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Ceres Power Holdings plc (LON:CWR)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 196.17 ($2.41) and traded as low as GBX 180 ($2.21). Ceres Power shares last traded at GBX 182.30 ($2.24), with a volume of 526,526 shares changing hands.

Ceres Power Stock Performance

The company has a market cap of £335.44 million, a P/E ratio of -825.24 and a beta of 1.60. The company’s fifty day moving average is GBX 172.51 and its 200 day moving average is GBX 195.86. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54.

Insider Activity

In other news, insider Dame Julia King bought 30,200 shares of the business’s stock in a transaction dated Thursday, November 28th. The shares were purchased at an average price of GBX 165 ($2.03) per share, for a total transaction of £49,830 ($61,314.14). Insiders own 40.29% of the company’s stock.

About Ceres Power

Ceres Power Holdings plc engages in the development and commercialization of fuel cell and electrochemical technology in Europe, Asia, North America, and internationally. The company's technology includes Ceres Power, a solid oxide fuel cell technology used for distributed power generation, commercial power, and marine and motive power sectors; and Ceres Hydrogen, a solid oxide electrolyser cell SOEC technology to produce green hydrogen.