Ceres Power (LON:CWR) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Ceres Power Price Performance

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 stock has a 50 day simple moving average of GBX 186.87 and a 200-day simple moving average of GBX 197.77. The firm has a market cap of £319.18 million, a PE ratio of -785.24 and a beta of 1.60.

Insider Buying and Selling

In other news, insider Stuart Paynter acquired 7,365 shares of Ceres Power stock in a transaction on Wednesday, October 2nd. The shares were acquired at an average price of GBX 270 ($3.39) per share, with a total value of £19,885.50 ($24,991.20). Also, insider Dame Julia King bought 30,200 shares of the stock in a transaction dated Thursday, November 28th. The shares were purchased at an average price of GBX 165 ($2.07) per share, with a total value of £49,830 ($62,624.10). 40.29% of the stock is currently owned by company insiders.

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.