Ceres Power (LON:CWR) Share Price Crosses Below 200-Day Moving Average - Time to Sell?

Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 203.02 ($2.56) and traded as low as GBX 170.61 ($2.15). Ceres Power shares last traded at GBX 176 ($2.22), with a volume of 659,471 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and set a GBX 650 ($8.19) target price on shares of Ceres Power in a research report on Tuesday, August 6th.

Ceres Power Trading Up 1.1 %

The firm has a market cap of £340.67 million, a P/E ratio of -838.10 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The company's fifty day moving average price is GBX 218.23 and its two-hundred day moving average price is GBX 203.19.

Insider Transactions at Ceres Power

In other Ceres Power news, insider Stuart Paynter acquired 7,365 shares of Ceres Power stock in a transaction on Wednesday, October 2nd. The shares were bought at an average price of GBX 270 ($3.40) per share, with a total value of £19,885.50 ($25,060.49). Company 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.