Ceres Power (LON:CWR) Hits New 1-Year Low at $813.00

Ceres Power Holdings plc (LON:CWR) hit a new 52-week low during mid-day trading on Thursday . The company 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 reissued a “buy” rating and issued a GBX 1,560 ($21.18) target price on shares of Ceres Power in a report on Thursday.

The company has a quick ratio of 23.28, a current ratio of 23.66 and a debt-to-equity ratio of 1.10. The firm has a market cap of £1.47 billion and a price-to-earnings ratio of -122.22. The stock’s 50 day moving average is GBX 1,019.27 and its 200 day moving average is GBX 1,053.83.

Ceres Power Company Profile (LON:CWR)

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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