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

Ceres Power Holdings plc (LON:CWR)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 195.78 ($2.38) and traded as low as GBX 160.10 ($1.95). Ceres Power shares last traded at GBX 168 ($2.04), with a volume of 467,882 shares traded.

Ceres Power Trading Down 0.4 %

The stock has a 50-day moving average of GBX 169.84 and a two-hundred day moving average of GBX 195.22. The company has a market cap of £322.08 million, a P/E ratio of -792.38 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

In other news, insider Dame Julia King purchased 30,200 shares of the business’s stock in a transaction dated Thursday, November 28th. The shares were purchased at an average price of GBX 165 ($2.01) per share, for a total transaction of £49,830 ($60,627.81). 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.