Shares of Ceres Power Holdings plc (LON:CWR – Get Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 523.78 ($6.19) and traded as low as GBX 369.10 ($4.36). Ceres Power shares last traded at GBX 393.60 ($4.65), with a volume of 775,283 shares changing hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,560 ($18.45) price target on shares of Ceres Power in a research note on Thursday, November 17th.
Ceres Power Trading Down 1.7 %
The company has a market cap of £742.58 million and a P/E ratio of -34.23. The stock’s 50 day moving average is GBX 362.46 and its 200-day moving average is GBX 523.78. The company has a current ratio of 12.62, a quick ratio of 12.18 and a debt-to-equity ratio of 1.01.
Insider Buying and Selling
About Ceres Power
Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in North America, Asia, and Europe. The company offers SteelCell, a solid oxide fuel cell that generates power from conventional and sustainable fuels, such as natural gas, biogas, ethanol, and hydrogen.
- Institutional Support for Analog Devices Remains High
- Three CBD Stocks to Dominate a Budding Industry
- Microsoft Shares: Is it Time to Back Up the Truck?
- Is the 60/40 Portfolio Mix Still in Vogue?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
Receive News & Ratings for Ceres Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceres Power and related companies with MarketBeat.com's FREE daily email newsletter.