Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price traded down 37.6% during mid-day trading on Thursday . The company traded as low as GBX 68.05 ($0.86) and last traded at GBX 81.75 ($1.03). 78,442,344 shares changed hands during trading, an increase of 2,310% from the average session volume of 3,254,851 shares. The stock had previously closed at GBX 131 ($1.66).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a "buy" rating and set a GBX 650 ($8.21) price objective on shares of Ceres Power in a research report on Wednesday, January 29th.
Check Out Our Latest Stock Report on Ceres Power
Ceres Power Stock Performance
The company has a market capitalization of £152.44 million, a price-to-earnings ratio of -3.78 and a beta of 1.60. 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 50-day simple moving average of GBX 156.02 and a two-hundred day simple moving average of GBX 184.78.
Insider Buying and Selling at Ceres Power
In other news, insider Dame Julia King bought 30,200 shares of the company's stock in a transaction on Thursday, November 28th. The stock was bought 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 bought 7,151 shares of the company's stock in a transaction on Wednesday, January 29th. The stock was purchased 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 currently owned by corporate insiders.
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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