ITM Power Plc (LON:ITM - Get Free Report)'s share price dropped 9.8% during trading on Friday . 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 changed 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).
Analyst Ratings Changes
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.80) price objective on shares of ITM Power in a research report on Thursday, May 8th.
View Our Latest Research Report on ITM
ITM Power Price 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 price is GBX 39.05 and its two-hundred day moving average price is GBX 35.29. The company has a market cap of £520.97 million, a P/E ratio of -19.12 and a beta of 2.03.
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.
See Also
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