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

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

Ceres Power Trading Up 4.1 %

CWR opened at GBX 284.20 ($3.80) on Friday. Ceres Power Holdings plc has a twelve month low of GBX 126.40 ($1.69) and a twelve month high of GBX 294.80 ($3.94). The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The company has a fifty day moving average of GBX 200.97 and a 200-day moving average of GBX 185.39. The stock has a market cap of £550.10 million, a PE ratio of -1,333.24 and a beta of 1.60.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 650 ($8.69) price objective on shares of Ceres Power in a research 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.