Shares of ITM Power Plc (LON:ITM - Get Free Report) dropped 6% on Monday . The stock traded as low as GBX 75.30 ($1.01) and last traded at GBX 79.43 ($1.07). Approximately 5,291,000 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 4,592,252 shares. The stock had previously closed at GBX 84.53 ($1.13).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 59 ($0.79) price target on shares of ITM Power in a research note on Thursday, May 8th.
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ITM Power Stock Down 2.0%
The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The stock has a fifty day moving average price of GBX 67.47 and a two-hundred day moving average price of GBX 44.02. The company has a market cap of £465.50 million, a P/E ratio of -17.09 and a beta of 2.03.
About ITM Power
(
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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.
Further Reading
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