Shares of ITM Power Plc (LON:ITM - Get Free Report) dropped 6% during trading on Monday . The company traded as low as GBX 75.30 ($1.01) and last traded at GBX 79.43 ($1.07). Approximately 5,291,000 shares were traded during trading, an increase of 15% from the average daily volume of 4,592,252 shares. The stock had previously closed at GBX 84.53 ($1.13).
Analyst Ratings Changes
Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.79) price target on shares of ITM Power in a research report on Thursday, May 8th.
Read Our Latest Stock Report on ITM Power
ITM Power Price Performance
The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The stock has a market capitalization of £494.98 million, a price-to-earnings ratio of -18.17 and a beta of 2.03. The stock's 50 day simple moving average is GBX 64.63 and its 200-day simple moving average is GBX 43.24.
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.
Further Reading
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