Ceres Power (LON:CWR) Sets New 12-Month Low - Time to Sell?

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 57.20 ($0.74) and last traded at GBX 57.50 ($0.74), with a volume of 41222336 shares trading hands. The stock had previously closed at GBX 60.70 ($0.78).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their price objective on Ceres Power from GBX 650 ($8.40) to GBX 340 ($4.40) and set a "buy" rating on the stock in a research note on Tuesday, February 25th.

Ceres Power Trading Down 2.2 %

The stock has a market cap of £104.88 million, a P/E ratio of -2.60 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The business's fifty day simple moving average is GBX 102.93 and its 200 day simple moving average is GBX 162.83.

Insider Buying and Selling

In other news, insider Stuart Paynter purchased 7,151 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of GBX 139 ($1.80) per share, with a total value of £9,939.89 ($12,852.20). Corporate 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.