Shares of ITM Power Plc (LON:ITM - Get Free Report) were down 6.3% during mid-day trading on Thursday . The company traded as low as GBX 73 ($0.99) and last traded at GBX 73.20 ($0.99). Approximately 4,206,881 shares changed hands during trading, a decline of 10% from the average daily volume of 4,699,091 shares. The stock had previously closed at GBX 78.10 ($1.06).
Analysts Set New Price Targets
Separately, Berenberg Bank reissued 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.
View Our Latest Report on ITM
ITM Power Trading Down 0.8%
The firm has a market cap of £452.42 million, a price-to-earnings ratio of -16.61 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. The business has a fifty day moving average of GBX 43.91 and a two-hundred day moving average of GBX 36.71.
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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