Ceres Power (LON:CWR) Stock Price Down 12.5% - What's Next?

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

Analyst Ratings Changes

Separately, Berenberg Bank lowered 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 Price Performance

The business's 50-day simple moving average is GBX 111.49 and its two-hundred day simple moving average is GBX 166.32. The stock has a market cap of £121.64 million, a price-to-earnings ratio of -3.02 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

Insider Activity at Ceres Power

In other news, insider Stuart Paynter acquired 7,151 shares of the stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of GBX 139 ($1.80) per share, with a total value of £9,939.89 ($12,868.84). 40.29% of the stock is currently owned by company insiders.

Ceres Power Company Profile

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.