ITM Power Plc (LON:ITM - Get Free Report) shares were down 6% during mid-day trading 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 ($1.14).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated 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.
View Our Latest Stock Analysis on ITM Power
ITM Power Price Performance
The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The company has a market capitalization of £474.23 million, a P/E ratio of -17.41 and a beta of 2.03. The business has a 50 day simple moving average of GBX 68.24 and a 200-day simple moving average of GBX 44.30.
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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