Ceres Power (LON:CWR) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Ceres Power Holdings plc (LON:CWR) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 198.14 ($2.49) and traded as low as GBX 158.50 ($1.99). Ceres Power shares last traded at GBX 164.90 ($2.07), with a volume of 4,105,063 shares traded.

Ceres Power Trading Down 1.0 %

The company has a market cap of £319.18 million, a P/E ratio of -785.24 and a beta of 1.60. 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 firm’s 50-day moving average price is GBX 186.87 and its 200-day moving average price is GBX 197.59.

Insider Buying and Selling at Ceres Power

In other news, insider Dame Julia King acquired 30,200 shares of the business’s stock in a transaction dated Thursday, November 28th. The stock was bought at an average cost of GBX 165 ($2.07) per share, for a total transaction of £49,830 ($62,624.10). Also, insider Stuart Paynter purchased 7,365 shares of Ceres Power stock in a transaction dated Wednesday, October 2nd. The shares were purchased at an average price of GBX 270 ($3.39) per share, with a total value of £19,885.50 ($24,991.20). 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.