ITM Power Plc (LON:ITM - Get Free Report) fell 9.8% during mid-day trading on Friday . The company traded as low as GBX 59.15 ($0.80) and last traded at GBX 61.40 ($0.83). 15,749,949 shares were traded during 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 Ratings Changes
Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 59 ($0.80) target price on shares of ITM Power in a research report on Thursday, May 8th.
Read Our Latest Analysis on ITM Power
ITM Power Stock Up 15.0%
The stock has a market capitalization of £520.97 million, a P/E ratio of -19.12 and a beta of 2.03. The business has a 50-day simple moving average of GBX 39.05 and a two-hundred day simple moving average of GBX 35.29. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73.
About ITM Power
(
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.
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