Ceres Power (LON:CWR) Trading Down 12.5% - Here's Why

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price fell 12.5% during trading on Friday . The stock traded as low as GBX 62.15 ($0.80) and last traded at GBX 62.62 ($0.81). 1,178,544 shares traded hands during trading, a decline of 40% from the average session volume of 1,951,336 shares. The stock had previously closed at GBX 71.55 ($0.93).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their target price on Ceres Power from GBX 650 ($8.42) to GBX 340 ($4.40) and set a "buy" rating for the company in a research note on Tuesday, February 25th.

Ceres Power Stock Up 2.8 %

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 firm's 50 day moving average price is GBX 111.49 and its two-hundred day moving average price is GBX 166.32. The company has a market cap of £121.64 million, a P/E ratio of -3.02 and a beta of 1.60.

Insider Buying and Selling at Ceres Power

In other news, insider Stuart Paynter acquired 7,151 shares of Ceres Power stock in a transaction on Wednesday, January 29th. The stock was purchased at an average price of GBX 139 ($1.80) per share, with a total value of £9,939.89 ($12,868.84). 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.