Ceres Power (LON:CWR) Stock Passes Below 200-Day Moving Average of $175.79

Ceres Power Holdings plc (LON:CWR)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 175.79 ($2.23) and traded as low as GBX 173.30 ($2.20). Ceres Power shares last traded at GBX 177.60 ($2.25), with a volume of 408,393 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 800 ($10.15) price target on shares of Ceres Power in a research report on Monday, April 15th.

Ceres Power Price Performance

The company has a debt-to-equity ratio of 1.44, a quick ratio of 12.18 and a current ratio of 7.74. The firm has a market capitalization of £342.03 million, a price-to-earnings ratio of -632.86 and a beta of 1.47. The business has a fifty day moving average of GBX 188.79 and a two-hundred day moving average of GBX 175.81.

Ceres Power Company Profile

Ceres Power Holdings plc engages in the development and commercialization of fuel cell and electrochemical technology in Europe, Asia, North America, and internationally. The company's technology includes Ceres Power, a solid oxide fuel cell technology used for distributed power generation, commercial power, and marine and motive power sectors; and Ceres Hydrogen, a solid oxide electrolyser cell SOEC technology to produce green hydrogen.