Ceres Power Holdings plc (LON:CWR - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 188.08 ($2.37) and traded as low as GBX 137 ($1.73). Ceres Power shares last traded at GBX 137 ($1.73), with a volume of 384,785 shares traded.
Analyst Ratings Changes
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 650 ($8.20) target price on shares of Ceres Power in a report on Wednesday, January 29th.
Check Out Our Latest Stock Analysis on Ceres Power
Ceres Power Stock Up 1.3 %
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 stock has a market capitalization of £263.17 million, a PE ratio of -6.53 and a beta of 1.60. The stock's fifty day simple moving average is GBX 161.19 and its 200-day simple moving average is GBX 187.22.
Insiders Place Their Bets
In related news, insider Stuart Paynter purchased 7,151 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of GBX 139 ($1.75) per share, with a total value of £9,939.89 ($12,540.87). Also, insider Dame Julia King purchased 30,200 shares of the business's stock in a transaction that occurred on Thursday, November 28th. The stock was bought at an average cost of GBX 165 ($2.08) per share, for a total transaction of £49,830 ($62,869.04). Insiders own 40.29% of the company's stock.
About Ceres Power
(
Get Free Report)
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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