ITM Power Plc (LON:ITM - Get Free Report)'s share price was down 6.3% on Thursday . The stock traded as low as GBX 73 ($0.99) and last traded at GBX 73.20 ($1.00). Approximately 4,206,881 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 4,699,091 shares. The stock had previously closed at GBX 78.10 ($1.06).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 59 ($0.80) price objective on shares of ITM Power in a report on Thursday, May 8th.
Read Our Latest Stock Analysis on ITM Power
ITM Power Stock Performance
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's 50-day moving average is GBX 43.01 and its two-hundred day moving average is GBX 36.45. The stock has a market capitalization of £452.42 million, a P/E ratio of -16.61 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.
Further Reading
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