Ceres Power (LON:CWR) Shares Pass Below 200 Day Moving Average of $523.78

Shares of Ceres Power Holdings plc (LON:CWRGet Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 523.78 ($6.19) and traded as low as GBX 369.10 ($4.36). Ceres Power shares last traded at GBX 393.60 ($4.65), with a volume of 775,283 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,560 ($18.45) price target on shares of Ceres Power in a research note on Thursday, November 17th.

Ceres Power Trading Down 1.7 %

The company has a market cap of £742.58 million and a P/E ratio of -34.23. The stock’s 50 day moving average is GBX 362.46 and its 200-day moving average is GBX 523.78. The company has a current ratio of 12.62, a quick ratio of 12.18 and a debt-to-equity ratio of 1.01.

Insider Buying and Selling

In other news, insider Tudor Brown purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were bought at an average price of GBX 385 ($4.55) per share, for a total transaction of £57,750 ($68,286.63). In other Ceres Power news, insider Tudor Brown bought 15,000 shares of the firm’s stock in a transaction on Tuesday, October 4th. The stock was acquired at an average price of GBX 385 ($4.55) per share, with a total value of £57,750 ($68,286.63). Also, insider Eric Lakin bought 5,991 shares of the firm’s stock in a transaction on Tuesday, October 11th. The stock was acquired at an average cost of GBX 334 ($3.95) per share, with a total value of £20,009.94 ($23,660.80).

About Ceres Power

(Get Rating)

Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in North America, Asia, and Europe. The company offers SteelCell, a solid oxide fuel cell that generates power from conventional and sustainable fuels, such as natural gas, biogas, ethanol, and hydrogen.

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