Ceres Power (LON:CWR) Shares Pass Below 200 Day Moving Average – Should You Sell?

Ceres Power Holdings plc (LON:CWR)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 195.78 ($2.40) and traded as low as GBX 160.10 ($1.96). Ceres Power shares last traded at GBX 168 ($2.06), with a volume of 467,882 shares trading hands.

Ceres Power Stock Down 1.4 %

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’s 50-day moving average is GBX 170.59 and its 200-day moving average is GBX 195.78. The company has a market cap of £320.73 million, a price-to-earnings ratio of -789.05 and a beta of 1.60.

Insiders Place Their Bets

In other Ceres Power news, insider Dame Julia King acquired 30,200 shares of the stock in a transaction on Thursday, November 28th. The shares were purchased at an average price of GBX 165 ($2.02) per share, for a total transaction of £49,830 ($60,991.43). Corporate insiders own 40.29% of the company’s stock.

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.