ITM Power Plc (LON:ITM - Get Free Report) shares dropped 6.1% on Wednesday . The stock traded as low as GBX 83.10 ($1.13) and last traded at GBX 84.90 ($1.15). Approximately 5,264,014 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 4,594,320 shares. The stock had previously closed at GBX 90.40 ($1.23).
Analyst Ratings Changes
Separately, Berenberg Bank restated a "hold" rating and issued a GBX 59 ($0.80) price target on shares of ITM Power in a report on Thursday, May 8th.
View Our Latest Report on ITM Power
ITM Power Stock Performance
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 firm's 50 day simple moving average is GBX 61.38 and its 200-day simple moving average is GBX 42.16. The company has a market cap of £529.69 million, a price-to-earnings ratio of -19.44 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.
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