Ceres Power (LON:CWR) Stock Price Crosses Below 200-Day Moving Average - Time to Sell?

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 122.37 ($1.63) and traded as low as GBX 73.90 ($0.98). Ceres Power shares last traded at GBX 79.30 ($1.05), with a volume of 1,020,036 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price objective on Ceres Power from GBX 650 ($8.64) to GBX 340 ($4.52) and set a "buy" rating on the stock in a report on Tuesday, February 25th.

Ceres Power Stock Down 2.4%

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The firm has a 50-day simple moving average of GBX 61.16 and a two-hundred day simple moving average of GBX 118.90. The company has a market cap of £141.91 million, a PE ratio of -3.52 and a beta of 1.60.

Insiders Place Their Bets

In related news, insider Stuart Paynter bought 33,166 shares of the stock in a transaction dated Friday, April 25th. The stock was acquired at an average price of GBX 60 ($0.80) per share, for a total transaction of £19,899.60 ($26,462.23). 40.29% of the stock is owned by corporate insiders.

About Ceres Power

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.