ITM Power Plc (LON:ITM - Get Free Report)'s stock price traded down 9.8% during mid-day trading on Thursday . The stock traded as low as GBX 59.15 ($0.80) and last traded at GBX 61.40 ($0.83). 15,749,949 shares changed hands during trading, an increase of 247% from the average session volume of 4,532,740 shares. The stock had previously closed at GBX 68.10 ($0.92).
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.80) target price on shares of ITM Power in a research report on Thursday, May 8th.
Get Our Latest Stock Analysis on ITM
ITM Power Stock Up 18.4%
The business has a fifty day moving average price of GBX 39.05 and a two-hundred day moving average price of GBX 35.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The firm has a market capitalization of £453.04 million, a price-to-earnings ratio of -16.63 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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