Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price traded down 39% during trading on Thursday . The stock traded as low as GBX 68.05 ($0.86) and last traded at GBX 79.90 ($1.01). 34,389,582 shares were traded during trading, an increase of 1,593% from the average session volume of 2,031,163 shares. The stock had previously closed at GBX 131 ($1.66).
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "buy" rating and set a GBX 650 ($8.21) target price on shares of Ceres Power in a research report on Wednesday, January 29th.
Check Out Our Latest Research Report on CWR
Ceres Power Price 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 firm has a market cap of £152.44 million, a P/E ratio of -3.78 and a beta of 1.60. The company has a 50-day moving average of GBX 156.02 and a 200 day moving average of GBX 184.78.
Insider Buying and Selling
In other Ceres Power news, insider Dame Julia King purchased 30,200 shares of the company's stock in a transaction that occurred on Thursday, November 28th. The stock was purchased at an average cost of GBX 165 ($2.08) per share, with a total value of £49,830 ($62,956.41). Also, 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 ($1.76) per share, with a total value of £9,939.89 ($12,558.29). 40.29% of the stock is owned by corporate insiders.
Ceres Power Company Profile
(
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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