ITM Power Plc (LON:ITM - Get Free Report)'s stock price traded down 6% on Monday . The stock traded as low as GBX 75.30 ($1.01) and last traded at GBX 79.43 ($1.07). 5,291,000 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 4,592,252 shares. The stock had previously closed at GBX 84.53 ($1.13).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 59 ($0.79) price target on shares of ITM Power in a research note on Thursday, May 8th.
Check Out Our Latest Research Report on ITM
ITM Power Trading Down 2.0%
The company's 50 day moving average price is GBX 67.47 and its two-hundred day moving average price is GBX 44.02. 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 stock has a market capitalization of £465.50 million, a PE ratio of -17.09 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.
Further Reading
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