ITM Power Plc (LON:ITM - Get Free Report) traded down 6.3% during mid-day trading on Thursday . The stock traded as low as GBX 73 ($0.99) and last traded at GBX 73.20 ($0.99). 4,206,881 shares changed hands during trading, a decline of 10% from the average session volume of 4,699,091 shares. The stock had previously closed at GBX 78.10 ($1.06).
Analyst Ratings Changes
Separately, Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.80) price objective on shares of ITM Power in a research note on Thursday, May 8th.
Get Our Latest Research Report on ITM
ITM Power Trading Down 0.8%
The firm's 50 day moving average price is GBX 43.91 and its 200-day moving average price is GBX 36.74. The stock has a market cap of £452.42 million, a P/E ratio of -16.61 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56.
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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