Shares of ITM Power Plc (LON:ITM - Get Free Report) fell 3.9% on Wednesday . The company traded as low as GBX 67.30 ($0.91) and last traded at GBX 75.27 ($1.02). 38,237,453 shares traded hands during mid-day trading, an increase of 764% from the average session volume of 4,426,917 shares. The stock had previously closed at GBX 78.30 ($1.06).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 59 ($0.80) target price on shares of ITM Power in a research report on Thursday, May 8th.
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ITM Power Stock Down 3.9%
The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The company has a market capitalization of £469.06 million, a P/E ratio of -17.22 and a beta of 2.03. The stock has a 50 day moving average price of GBX 37.44 and a 200 day moving average price of GBX 34.85.
ITM Power Company Profile
(
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ITM Power was founded in 2000, and ITM Power PLC was admitted to the London Stock Exchange's AIM market in 2004.
Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.
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