Ceres Power Holdings plc (LON:CWR - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 112.44 ($1.52) and traded as low as GBX 67.70 ($0.92). Ceres Power shares last traded at GBX 68.95 ($0.93), with a volume of 418,887 shares traded.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank cut their target price on Ceres Power from GBX 650 ($8.79) to GBX 340 ($4.60) and set a "buy" rating for the company in a research report on Tuesday, February 25th.
Check Out Our Latest Stock Report on Ceres Power
Ceres Power Price Performance
The firm has a market cap of £151.08 million, a PE ratio of -3.75 and a beta of 1.60. The firm has a fifty day simple moving average of GBX 62.55 and a two-hundred day simple moving average of GBX 109.92. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48.
Insider Buying and Selling at Ceres Power
In related news, insider Stuart Paynter bought 33,166 shares of the company's stock in a transaction dated Friday, April 25th. The stock was purchased at an average price of GBX 60 ($0.81) per share, for a total transaction of £19,899.60 ($26,902.26). 40.29% of the stock is currently owned by company insiders.
About Ceres Power
(
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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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