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

Ceres Power Holdings plc (LON:CWR)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 122.37 ($1.63) and traded as low as GBX 73.90 ($0.98). Ceres Power shares last traded at GBX 79.30 ($1.06), with a volume of 1,020,036 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price target on Ceres Power from GBX 650 ($8.65) to GBX 340 ($4.52) and set a “buy” rating on the stock in a report on Tuesday, February 25th.

Ceres Power Stock Down 4.6%

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The stock has a fifty day moving average price of GBX 60.27 and a two-hundred day moving average price of GBX 122.37. The company has a market cap of £147.46 million, a P/E ratio of -3.66 and a beta of 1.60.

Insider Buying and Selling at Ceres Power

In other Ceres Power news, insider Stuart Paynter bought 33,166 shares of the stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of GBX 60 ($0.80) per share, for a total transaction of £19,899.60 ($26,483.36). Company insiders own 40.29% of the company’s stock.

Ceres Power Company Profile

Ceres is a leading developer of clean energy technology: electrolysis for the creation of green hydrogen and fuel
cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Bosch, Doosan, Delta and Weichai. Ceres’ solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels.