Ceres Power (LON:CWR) Stock Price Down 14.4% – Here’s What Happened

Ceres Power Holdings plc (LON:CWR) shares were down 14.4% on Friday . The company traded as low as GBX 115.84 ($1.55) and last traded at GBX 121.10 ($1.62). Approximately 17,873,377 shares traded hands during trading, an increase of 1,033% from the average daily volume of 1,577,807 shares. The stock had previously closed at GBX 141.40 ($1.89).

Ceres Power Stock Performance

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 stock has a 50-day moving average price of GBX 115.81 and a 200-day moving average price of GBX 86.99. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

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