ITM Power Plc (LON:ITM - Get Free Report)'s share price fell 3.9% on Thursday . The company traded as low as GBX 67.30 ($0.91) and last traded at GBX 75.27 ($1.02). 38,237,453 shares were traded during trading, an increase of 764% from the average session volume of 4,426,917 shares. The stock had previously closed at GBX 78.30 ($1.06).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated 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.
Read Our Latest Analysis on ITM
ITM Power Price Performance
The stock's 50 day moving average is GBX 38.14 and its two-hundred day moving average is GBX 35.02. The stock has a market capitalization of £382.62 million, a PE ratio of -14.05 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.
ITM Power Company Profile
(
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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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