Ceres Power (LON:CWR) Shares Cross Below Two Hundred Day Moving Average of $1,096.68

Ceres Power Holdings plc (LON:CWR) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,096.68 ($14.33) and traded as low as GBX 1,094.47 ($14.30). Ceres Power shares last traded at GBX 1,135 ($14.83), with a volume of 547,836 shares traded.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,560 ($20.38) target price on shares of Ceres Power in a research note on Friday, July 2nd.

The firm has a market cap of £2.16 billion and a price-to-earnings ratio of -185.43. The stock has a fifty day moving average price of GBX 1,078.57 and a 200 day moving average price of GBX 1,097.06. The company has a current ratio of 5.53, a quick ratio of 5.40 and a debt-to-equity ratio of 5.77.

About Ceres Power (LON:CWR)

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 (SOFC) that generates power from conventional and sustainable fuels, such as natural gas, biogas, ethanol, and hydrogen.

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