Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 190.86 ($2.37) and traded as low as GBX 146.20 ($1.81). Ceres Power shares last traded at GBX 146.20 ($1.81), with a volume of 336,952 shares changing hands.
Analyst Ratings Changes
Separately, Berenberg Bank restated a "buy" rating and set a GBX 650 ($8.05) price target on shares of Ceres Power in a report on Wednesday, January 29th.
Check Out Our Latest Stock Report on CWR
Ceres Power Stock Performance
The stock has a market cap of £290.15 million, a PE ratio of -713.81 and a beta of 1.60. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The firm has a 50 day moving average price of GBX 164.11 and a 200 day moving average price of GBX 190.22.
Insider Activity
In other news, insider Stuart Paynter bought 7,151 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of GBX 139 ($1.72) per share, with a total value of £9,939.89 ($12,317.09). Also, insider Dame Julia King bought 30,200 shares of the firm's stock in a transaction that occurred on Thursday, November 28th. The shares were purchased at an average cost of GBX 165 ($2.04) per share, with a total value of £49,830 ($61,747.21). Insiders own 40.29% of the company's stock.
Ceres Power Company Profile
(
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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.
Further Reading
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