ITM Power Plc (LON:ITM - Get Free Report)'s stock price was down 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 changed hands during mid-day 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 restated a "hold" rating and issued a GBX 59 ($0.80) price objective on shares of ITM Power in a report on Thursday, May 8th.
View Our Latest Research Report on ITM
ITM Power Stock Up 18.4%
The firm has a 50-day moving average price of GBX 38.14 and a two-hundred day moving average price of GBX 35.02. The firm has a market cap of £453.04 million, a price-to-earnings ratio of -16.63 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17.
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.
Further Reading
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