Ceres Power (LON:CWR) Share Price Crosses Below 200-Day Moving Average - What's Next?

Ceres Power Holdings plc (LON:CWR - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 138.03 ($1.84) and traded as low as GBX 58.93 ($0.79). Ceres Power shares last traded at GBX 60.93 ($0.81), with a volume of 857,131 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their price target on Ceres Power from GBX 650 ($8.66) to GBX 340 ($4.53) and set a "buy" rating for the company in a research note on Tuesday, February 25th.

Ceres Power Stock Up 0.5 %

The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The stock has a 50-day moving average of GBX 60.83 and a two-hundred day moving average of GBX 133.39. The company has a market cap of £113.65 million, a P/E ratio of -2.82 and a beta of 1.60.

Insider Transactions at Ceres Power

In related news, insider Stuart Paynter purchased 33,166 shares of the firm's stock in a transaction on Friday, April 25th. The shares were acquired at an average cost of GBX 60 ($0.80) per share, with a total value of £19,899.60 ($26,515.12). Company insiders own 40.29% of the company's stock.

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.