ITM Power Plc (LON:ITM - Get Free Report) shares were down 6% on Tuesday . The stock 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).
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 59 ($0.79) target price on shares of ITM Power in a research note on Thursday, May 8th.
Get Our Latest Analysis on ITM Power
ITM Power Stock Down 2.8%
The stock has a market capitalization of £474.85 million, a PE ratio of -17.43 and a beta of 2.03. The firm's fifty day moving average is GBX 67.47 and its 200-day moving average is GBX 44.02. The company has a quick ratio of 7.56, a current ratio of 4.17 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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