Ceres Power (LON:CWR) Stock Price Down 11.5% – Here’s What Happened

Ceres Power Holdings plc (LON:CWR) shares were down 11.5% during mid-day trading on Friday . The stock traded as low as GBX 119 ($1.59) and last traded at GBX 125.20 ($1.68). Approximately 20,317,518 shares changed hands during trading, an increase of 1,177% from the average daily volume of 1,590,877 shares. The stock had previously closed at GBX 141.40 ($1.89).

Ceres Power Trading Down 8.8%

The company has a market capitalization of £250.03 million, a price-to-earnings ratio of -881.15 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 12.18 and a current ratio of 6.48. The firm has a fifty day moving average price of GBX 115.81 and a 200-day moving average price of GBX 86.99.

Ceres Power (LON:CWR) last released its earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share (EPS) for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. As a group, equities analysts anticipate that Ceres Power Holdings plc will post -12.4426979 EPS for the current year.

About Ceres Power

Ceres is a leading developer of clean energy technology: electrolysis for the creation of green hydrogen and fuel
cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Bosch, Doosan, Delta and Weichai. Ceres’ solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels.