ITM Power Plc (LON:ITM - Get Free Report) shares fell 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 ($1.00). 4,206,881 shares traded 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).
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "hold" rating and issued a GBX 59 ($0.80) price target on shares of ITM Power in a report on Thursday, May 8th.
Check Out Our Latest Report on ITM Power
ITM Power Stock Down 0.8%
The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The firm has a market capitalization of £452.42 million, a PE ratio of -16.61 and a beta of 2.03. The company's fifty day simple moving average is GBX 43.01 and its 200-day simple moving average is GBX 36.45.
ITM Power Company Profile
(
Get Free Report)
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
Before you consider ITM Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITM Power wasn't on the list.
While ITM Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
