ITM Power Plc (LON:ITM - Get Free Report) shares were down 6% during trading on Tuesday . The company traded as low as GBX 75.30 ($1.01) and last traded at GBX 79.43 ($1.07). Approximately 5,291,000 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 4,592,252 shares. The stock had previously closed at GBX 84.53 ($1.14).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 59 ($0.79) target price on shares of ITM Power in a research report on Thursday, May 8th.
Check Out Our Latest Research Report on ITM Power
ITM Power Price Performance
The company has a fifty day simple moving average of GBX 67.47 and a two-hundred day simple moving average of GBX 44.02. The stock has a market capitalization of £465.50 million, a price-to-earnings ratio of -17.09 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.
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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