Ceres Power (LON:CWR) Share Price Passes Below Two Hundred Day Moving Average of $175.69

Ceres Power Holdings plc (LON:CWR) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 175.69 ($2.21) and traded as low as GBX 172.50 ($2.17). Ceres Power shares last traded at GBX 178 ($2.24), with a volume of 750,189 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 800 ($10.05) target price on shares of Ceres Power in a research report on Monday, April 15th.

Ceres Power Trading Down 0.8 %

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 stock has a market capitalization of £340.68 million, a P/E ratio of -635.71 and a beta of 1.53. The company has a fifty day simple moving average of GBX 151.88 and a two-hundred day simple moving average of GBX 175.69.

About Ceres Power

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.