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

Shares of Ceres Power Holdings plc (LON:CWR) 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 changing hands.

Ceres Power Price Performance

The firm has a market cap of £319.18 million, a PE ratio of -785.24 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 has a 50 day moving average price of GBX 188.93 and a 200 day moving average price of GBX 198.14.

Insiders Place Their Bets

In other Ceres Power news, insider Stuart Paynter acquired 7,365 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was acquired at an average cost 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 Ceres Power stock in a transaction that occurred on 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). 40.29% of the stock is owned by company insiders.

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.