Ceres Power Holdings plc (LON:CWR)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 813 ($11.04) and last traded at GBX 819.77 ($11.13), with a volume of 384393 shares traded. The stock had previously closed at GBX 845 ($11.47).
Separately, Berenberg Bank restated a “buy” rating and set a GBX 1,560 ($21.18) price objective on shares of Ceres Power in a report on Thursday.
The firm’s fifty day moving average price is GBX 1,019.27 and its 200-day moving average price is GBX 1,053.83. The company has a current ratio of 23.66, a quick ratio of 23.28 and a debt-to-equity ratio of 1.10. The company has a market cap of £1.47 billion and a P/E ratio of -122.22.
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 (SOFC) that generates power from conventional and sustainable fuels, such as natural gas, biogas, ethanol, and hydrogen.
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