ITM Power Plc (LON:ITM - Get Free Report)'s share price dropped 9.8% during mid-day trading on Thursday . The company traded as low as GBX 59.15 ($0.80) and last traded at GBX 61.40 ($0.83). Approximately 15,749,949 shares traded hands during mid-day trading, an increase of 247% from the average daily volume of 4,532,740 shares. The stock had previously closed at GBX 68.10 ($0.92).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 59 ($0.80) price objective on shares of ITM Power in a research note on Thursday, May 8th.
View Our Latest Stock Report on ITM
ITM Power Stock Up 18.4%
The company has a market cap of £453.04 million, a PE ratio of -16.63 and a beta of 2.03. The stock's 50 day moving average price is GBX 39.05 and its 200-day moving average price is GBX 35.29. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17.
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.
Further Reading
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