Stuart Paynter Buys 7,365 Shares of Ceres Power Holdings plc (LON:CWR) Stock

Ceres Power Holdings plc (LON:CWR) insider Stuart Paynter bought 7,365 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average price of GBX 270 ($3.61) per share, for a total transaction of £19,885.50 ($26,599.12).

Ceres Power Stock Performance

CWR traded up GBX 9.20 ($0.12) during midday trading on Thursday, hitting GBX 273 ($3.65). 2,309,521 shares of the company were exchanged, compared to its average volume of 690,678. The firm has a market capitalization of £528.42 million, a price-to-earnings ratio of -1,271.68 and a beta of 1.60. The company’s 50 day simple moving average is GBX 199.82 and its 200 day simple moving average is GBX 184.78. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. Ceres Power Holdings plc has a 1-year low of GBX 126.40 ($1.69) and a 1-year high of GBX 294.80 ($3.94).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 650 ($8.69) price objective on shares of Ceres Power in a report on Tuesday, August 6th.

Ceres Power Company Profile

Ceres Power Holdings plc engages in the development and commercialization of fuel cell and electrochemical technology in Europe, Asia, North America, and internationally. The company's technology includes Ceres Power, a solid oxide fuel cell technology used for distributed power generation, commercial power, and marine and motive power sectors; and Ceres Hydrogen, a solid oxide electrolyser cell SOEC technology to produce green hydrogen.