Shares of ITM Power Plc (LON:ITM - Get Free Report) were down 3.9% during mid-day trading on Wednesday . The stock traded as low as GBX 67.30 ($0.91) and last traded at GBX 75.27 ($1.02). Approximately 38,237,453 shares traded hands during trading, an increase of 764% from the average daily volume of 4,426,917 shares. The stock had previously closed at GBX 78.30 ($1.06).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.80) price target on shares of ITM Power in a research report on Thursday, May 8th.
View Our Latest Report on ITM
ITM Power Stock Performance
The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of £453.04 million, a price-to-earnings ratio of -16.63 and a beta of 2.03. The company has a 50-day moving average of GBX 39.05 and a 200-day moving average of GBX 35.29.
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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