Ceres Power (LON:CWR) Stock Crosses Below 200 Day Moving Average – Time to 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 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 traded.

Ceres Power Stock Performance

The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The company has a market capitalization of £335.44 million, a PE ratio of -825.24 and a beta of 1.60. The company has a 50-day moving average price of GBX 172.51 and a two-hundred day moving average price of GBX 195.86.

Insider Activity

In other Ceres Power news, insider Dame Julia King bought 30,200 shares of the firm’s stock in a transaction on Thursday, November 28th. The shares were acquired at an average cost of GBX 165 ($2.03) per share, for a total transaction of £49,830 ($61,314.14). Company insiders own 40.29% of the company’s stock.

Ceres Power Company Profile

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.