Shares of ITM Power Plc (LON:ITM - Get Free Report) dropped 6% during mid-day trading on Tuesday . The company traded as low as GBX 75.30 ($1.01) and last traded at GBX 79.43 ($1.07). Approximately 5,291,000 shares changed hands during trading, an increase of 15% from the average daily volume of 4,592,252 shares. The stock had previously closed at GBX 84.53 ($1.14).
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.79) price target on shares of ITM Power in a report on Thursday, May 8th.
Get Our Latest Analysis on ITM Power
ITM Power Trading Up 1.9%
The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The stock has a market cap of £474.23 million, a price-to-earnings ratio of -17.41 and a beta of 2.03. The company's 50 day simple moving average is GBX 68.24 and its two-hundred day simple moving average is GBX 44.30.
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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