Ceres Power (LON:CWR) Share Price Passes Below 200 Day Moving Average of $175.74

Ceres Power Holdings plc (LON:CWR) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 175.74 ($2.23) and traded as low as GBX 175 ($2.22). Ceres Power shares last traded at GBX 177.30 ($2.25), with a volume of 177,533 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 800 ($10.17) price target on shares of Ceres Power in a research report on Monday, April 15th.

Ceres Power Price Performance

The company has a quick ratio of 12.18, a current ratio of 7.74 and a debt-to-equity ratio of 1.44. The company has a market capitalization of £347.05 million, a price-to-earnings ratio of -633.21 and a beta of 1.47. The stock’s 50-day simple moving average is GBX 182.83 and its two-hundred day simple moving average is GBX 175.74.

About Ceres Power

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.