Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price reached a new 52-week low on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 650 to GBX 340. Berenberg Bank currently has a buy rating on the stock. Ceres Power traded as low as GBX 68 ($0.86) and last traded at GBX 71 ($0.89), with a volume of 2263473 shares changing hands. The stock had previously closed at GBX 69.60 ($0.88).
Insider Activity
In related news, insider Stuart Paynter bought 7,151 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were acquired at an average cost of GBX 139 ($1.75) per share, with a total value of £9,939.89 ($12,529.80). Company insiders own 40.29% of the company's stock.
Ceres Power Trading Up 5.4 %
The stock has a market cap of £143.86 million, a PE ratio of -3.57 and a beta of 1.60. The firm has a 50-day moving average price of GBX 146.31 and a 200-day moving average price of GBX 180.36. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48.
About Ceres Power
(
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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.
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