ITM Power Plc (LON:ITM - Get Free Report)'s share price traded down 6% during mid-day trading on Monday . The company traded as low as GBX 75.30 ($1.01) and last traded at GBX 79.43 ($1.07). 5,291,000 shares traded hands during mid-day trading, an increase of 15% from the average session 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 reaffirmed a "hold" rating and issued a GBX 59 ($0.79) price objective on shares of ITM Power in a research note on Thursday, May 8th.
Read Our Latest Stock Analysis on ITM
ITM Power Trading Down 6.0%
The stock's fifty day moving average price is GBX 64.63 and its 200 day moving average price is GBX 43.24. 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 stock has a market cap of £494.98 million, a P/E ratio of -18.17 and a beta of 2.03.
About ITM Power
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ITM Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITM Power wasn't on the list.
While ITM Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
