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

Ceres Power Holdings plc (LON:CWR)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

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

Ceres Power Stock Down 0.4 %

The company has a fifty day simple moving average of GBX 151.29 and a 200-day simple moving average of GBX 181.16. The firm has a market cap of £279.49 million, a P/E ratio of -556.92 and a beta of 1.53. The company has a quick ratio of 12.18, a current ratio of 8.24 and a debt-to-equity ratio of 1.37.

Insider Activity

In other Ceres Power news, insider Warren Finegold acquired 20,052 shares of the stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of GBX 225 ($2.78) per share, for a total transaction of £45,117 ($55,727.52). In other Ceres Power news, insider Warren Finegold acquired 20,052 shares of the stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of GBX 225 ($2.78) per share, for a total transaction of £45,117 ($55,727.52). Also, insider Karen Bomba acquired 12,121 shares of the stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of GBX 231 ($2.85) per share, for a total transaction of £27,999.51 ($34,584.38). Company 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.