Ceres Power (LON:CWR) Share Price Passes Below 200-Day Moving Average of $172.04

Ceres Power Holdings plc (LON:CWR) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $172.04 and traded as low as $194.00. Ceres Power shares last traded at $199.00, with a volume of 2,360,536 shares changing hands.

A number of research firms have weighed in on CWR. Berenberg Bank lifted their price objective on shares of Ceres Power from GBX 230 ($3.01) to GBX 290 ($3.79) and gave the company a “buy” rating in a report on Friday, July 19th. Liberum Capital reaffirmed a “buy” rating on shares of Ceres Power in a report on Friday, September 6th.

The stock has a market capitalization of $304.01 million and a price-to-earnings ratio of -34.91. The business’s 50-day moving average is GBX 185.86 and its two-hundred day moving average is GBX 172.34.

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 perforated sheet of steel with special screen-printed ceramic layers that converts fuel directly into electrical power.

Recommended Story: S&P 500 Index

Receive News & Ratings for Ceres Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceres Power and related companies with MarketBeat.com's FREE daily email newsletter.