Shares of ITM Power Plc (LON:ITM - Get Free Report) fell 6% during trading on Tuesday . The stock traded as low as GBX 75.30 ($1.01) and last traded at GBX 79.43 ($1.07). 5,291,000 shares were traded during mid-day trading, an increase of 15% from the average session volume of 4,592,252 shares. The stock had previously closed at GBX 84.53 ($1.13).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 59 ($0.79) target price on shares of ITM Power in a research note on Thursday, May 8th.
Read Our Latest Stock Report on ITM
ITM Power Price Performance
The company's 50 day moving average price is GBX 67.47 and its 200-day moving average price is GBX 44.02. The company has a market capitalization of £474.85 million, a PE ratio of -17.43 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.
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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