ITM Power Plc (LON:ITM - Get Free Report) shares traded down 4.4% on Tuesday . The company traded as low as GBX 62 ($0.82) and last traded at GBX 62.50 ($0.83). 1,834,127 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 4,546,769 shares. The stock had previously closed at GBX 65.40 ($0.86).
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of ITM Power in a report on Monday. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 59 ($0.78) price objective on shares of ITM Power in a report on Thursday, May 8th.
View Our Latest Stock Report on ITM
ITM Power Price Performance
The company has a 50 day moving average price of GBX 72.51 and a 200 day moving average price of GBX 46.23. The firm has a market cap of £372.80 million, a PE ratio of -13.69 and a beta of 2.03. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73.
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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