Ceres Power (LON:CWR) Reaches New 1-Year Low - Here's Why

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 65.70 ($0.85) and last traded at GBX 66 ($0.85), with a volume of 1033076 shares. The stock had previously closed at GBX 70.30 ($0.91).

Analyst Ratings Changes

Separately, Berenberg Bank dropped their target price on Ceres Power from GBX 650 ($8.40) to GBX 340 ($4.39) and set a "buy" rating on the stock in a report on Tuesday, February 25th.

Ceres Power Stock Down 0.7 %

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The stock has a fifty day moving average price of GBX 137.82 and a two-hundred day moving average price of GBX 177.07. The company has a market cap of £122.13 million, a P/E ratio of -3.03 and a beta of 1.60.

Insider Activity

In other Ceres Power news, insider Stuart Paynter purchased 7,151 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of GBX 139 ($1.80) per share, for a total transaction of £9,939.89 ($12,847.21). Corporate insiders own 40.29% of the company's stock.

Ceres Power Company Profile

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.