Ceres Power (LON:CWR) Hits New 52-Week High at $238.00

Ceres Power Holdings plc (LON:CWR) reached a new 52-week high on Tuesday . The company traded as high as GBX 238 ($3.11) and last traded at GBX 232 ($3.03), with a volume of 446361 shares trading hands. The stock had previously closed at GBX 222 ($2.90).

CWR has been the subject of several analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 290 ($3.79) price objective on shares of Ceres Power in a report on Tuesday, November 12th. Liberum Capital reissued a “buy” rating on shares of Ceres Power in a research note on Wednesday, November 6th.

The company has a market cap of $356.99 million and a price-to-earnings ratio of -68.24. The stock’s fifty day moving average is GBX 212.77 and its two-hundred day moving average is GBX 193.08.

In other Ceres Power news, insider Philip Caldwell sold 249,637 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of GBX 212 ($2.77), for a total transaction of £529,230.44 ($691,533.31).

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 perforated sheet of steel with special screen-printed ceramic layers that converts fuel directly into electrical power.

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