Ceres Power (LON:CWR) Stock Crosses Below 200 Day Moving Average of $182.10

Ceres Power Holdings plc (LON:CWR) shares 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.

Wall Street Analyst Weigh In

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

Ceres Power Trading Down 0.4 %

The stock has a market cap of £279.49 million, a PE ratio of -556.92 and a beta of 1.53. 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 company’s 50-day moving average price is GBX 151.29 and its 200 day moving average price is GBX 181.16.

Insider Activity

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

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.