Ceres Power (LON:CWR) Trading Down 11.1% - Should You Sell?

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price fell 11.1% during trading on Thursday . The stock traded as low as GBX 51.10 ($0.67) and last traded at GBX 52.10 ($0.69). 1,641,298 shares traded hands during trading, a decline of 20% from the average session volume of 2,054,191 shares. The stock had previously closed at GBX 58.60 ($0.77).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price target on Ceres Power from GBX 650 ($8.57) to GBX 340 ($4.48) and set a "buy" rating on the stock in a research report on Tuesday, February 25th.

Ceres Power Trading Up 5.7 %

The business has a 50 day moving average price of GBX 78.13 and a 200 day moving average price of GBX 150. The company has a market capitalization of £119.98 million, a P/E ratio of -2.98 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54.

Insider Buying and Selling

In other Ceres Power news, insider Stuart Paynter acquired 7,151 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of GBX 139 ($1.83) per share, with a total value of £9,939.89 ($13,106.40). 40.29% of the stock is currently owned by company insiders.

About Ceres Power

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.