ITM Power Plc (LON:ITM - Get Free Report)'s share price fell 9.8% during mid-day trading on Thursday . The stock traded as low as GBX 59.15 ($0.80) and last traded at GBX 61.40 ($0.83). 15,749,949 shares changed hands during mid-day trading, an increase of 247% from the average session volume of 4,532,740 shares. The stock had previously closed at GBX 68.10 ($0.92).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 59 ($0.80) target price on shares of ITM Power in a research note on Thursday, May 8th.
View Our Latest Stock Report on ITM
ITM Power Price Performance
The firm has a 50-day moving average of GBX 38.14 and a 200 day moving average of GBX 35.02. 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 company has a market capitalization of £453.04 million, a PE ratio of -16.63 and a beta of 2.03.
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.
See Also
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