ITM Power Plc (LON:ITM - Get Free Report) traded down 6.3% during trading on Friday . 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 Upgrades and Downgrades
Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 59 ($0.80) price target on shares of ITM Power in a report on Thursday, May 8th.
View Our Latest Stock Report on ITM Power
ITM Power Stock Performance
The stock has a market cap of £452.42 million, a PE 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. The firm has a 50 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.
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