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

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 60 ($0.78) and last traded at GBX 61.10 ($0.79), with a volume of 620174 shares trading hands. The stock had previously closed at GBX 62.65 ($0.81).

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price objective on shares of Ceres Power from GBX 650 ($8.43) to GBX 340 ($4.41) and set a "buy" rating on the stock in a research report on Tuesday, February 25th.

Ceres Power Stock Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The company has a fifty day moving average of GBX 129.06 and a two-hundred day moving average of GBX 173.28. The firm has a market capitalization of £117.94 million, a price-to-earnings ratio of -2.93 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 dated Wednesday, January 29th. The stock was bought at an average cost of GBX 139 ($1.80) per share, for a total transaction of £9,939.89 ($12,890.53). 40.29% of the stock is currently owned by company insiders.

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.