Ceres Power (LON:CWR) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Ceres Power Holdings plc (LON:CWR)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 195.78 ($2.40) and traded as low as GBX 160.10 ($1.96). Ceres Power shares last traded at GBX 168 ($2.06), with a volume of 467,882 shares changing hands.

Ceres Power Stock Down 1.4 %

The company has a fifty day moving average of GBX 170.59 and a two-hundred day moving average of GBX 195.78. The company has a market cap of £320.73 million, a PE ratio of -789.05 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48.

Insider Activity at Ceres Power

In related news, insider Dame Julia King purchased 30,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The shares were bought at an average price of GBX 165 ($2.02) per share, for a total transaction of £49,830 ($60,991.43). 40.29% of the stock is currently owned by insiders.

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.