ITM Power Plc (LON:ITM - Get Free Report)'s share price fell 6% during trading on Monday . 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).
Analyst Ratings Changes
Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 59 ($0.79) price objective on shares of ITM Power in a research report on Thursday, May 8th.
Read Our Latest Stock Analysis on ITM Power
ITM Power Stock Performance
The firm has a 50 day moving average of GBX 64.63 and a two-hundred day moving average of GBX 43.24. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The stock has a market cap of £494.98 million, a P/E ratio of -18.17 and a beta of 2.03.
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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