ITM Power Plc (LON:ITM - Get Free Report)'s stock price dropped 9.8% during trading on Thursday . The company traded as low as GBX 59.15 ($0.80) and last traded at GBX 61.40 ($0.83). Approximately 15,749,949 shares traded hands during trading, an increase of 247% from the average daily volume of 4,532,740 shares. The stock had previously closed at GBX 68.10 ($0.92).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 59 ($0.80) price target on shares of ITM Power in a report on Thursday, May 8th.
Get Our Latest Stock Analysis on ITM Power
ITM Power Trading Down 9.8%
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's 50-day simple moving average is GBX 38.14 and its 200-day simple moving average is GBX 35.02. The firm has a market capitalization of £382.62 million, a PE ratio of -14.05 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.
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