ITM Power Plc (LON:ITM - Get Free Report) fell 3.9% on Wednesday . The stock traded as low as GBX 67.30 ($0.91) and last traded at GBX 75.27 ($1.02). 38,237,453 shares changed hands during trading, an increase of 764% from the average session volume of 4,426,917 shares. The stock had previously closed at GBX 78.30 ($1.06).
Analyst Ratings Changes
Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.80) target price on shares of ITM Power in a research note on Thursday, May 8th.
Read Our Latest Research Report on ITM
ITM Power Price Performance
The firm has a market capitalization of £469.06 million, a PE ratio of -17.22 and a beta of 2.03. 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 has a fifty day moving average price of GBX 37.44 and a two-hundred day moving average price of GBX 34.85.
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.
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