Ceres Power (LON:CWR) Shares Pass Below 200-Day Moving Average – Here’s Why

Ceres Power Holdings plc (LON:CWR) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 194.23 ($2.43) and traded as low as GBX 149.70 ($1.87). Ceres Power shares last traded at GBX 150.90 ($1.88), with a volume of 530,275 shares traded.

Ceres Power Price Performance

The stock has a market capitalization of £288.99 million, a PE ratio of -710.95 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The firm’s 50 day simple moving average is GBX 167.90 and its 200 day simple moving average is GBX 193.94.

Insiders Place Their Bets

In other Ceres Power news, insider Dame Julia King bought 30,200 shares of Ceres Power stock in a transaction dated Thursday, November 28th. The shares were purchased at an average cost of GBX 165 ($2.06) per share, with a total value of £49,830 ($62,217.51). 40.29% of the stock is currently owned by insiders.

Ceres Power Company Profile

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.