ITM Power Plc (LON:ITM - Get Free Report)'s stock price dropped 6.3% during trading on Thursday . The stock traded as low as GBX 73 ($0.99) and last traded at GBX 73.20 ($0.99). Approximately 4,206,881 shares were traded during mid-day 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).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 59 ($0.80) price objective on shares of ITM Power in a research report on Thursday, May 8th.
Check Out Our Latest Stock Report on ITM Power
ITM Power Stock Performance
The stock's 50-day moving average is GBX 43.91 and its 200-day moving average is GBX 36.74. The firm has a market capitalization of £452.42 million, a price-to-earnings ratio of -16.61 and a beta of 2.03. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73.
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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