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

Ceres Power Holdings plc (LON:CWR)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 194.23 ($2.40) and traded as low as GBX 149.70 ($1.85). Ceres Power shares last traded at GBX 150.90 ($1.86), with a volume of 530,275 shares changing hands.

Ceres Power Stock Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The company has a market cap of £292.08 million, a P/E ratio of -718.57 and a beta of 1.60. The stock’s fifty day moving average price is GBX 168.43 and its two-hundred day moving average price is GBX 194.23.

Insiders Place Their Bets

In related news, insider Dame Julia King bought 30,200 shares of the company’s stock in a transaction dated Thursday, November 28th. The stock was purchased at an average price of GBX 165 ($2.04) per share, with a total value of £49,830 ($61,548.91). Corporate insiders own 40.29% of the company’s stock.

About Ceres Power

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.