ITM Power Plc (LON:ITM - Get Free Report)'s share price fell 6% on Tuesday . The company traded as low as GBX 75.30 ($1.01) and last traded at GBX 79.43 ($1.07). 5,291,000 shares were traded during trading, an increase of 15% from the average session volume of 4,592,252 shares. The stock had previously closed at GBX 84.53 ($1.14).
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.79) price objective on shares of ITM Power in a research report on Thursday, May 8th.
Get Our Latest Stock Report on ITM
ITM Power Trading Up 1.9%
The stock has a market cap of £474.23 million, a PE ratio of -17.41 and a beta of 2.03. The stock has a 50-day moving average price of GBX 68.24 and a two-hundred day moving average price of GBX 44.30. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56.
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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