Shares of ITM Power Plc (LON:ITM - Get Free Report) fell 6.3% during trading on Friday . The stock traded as low as GBX 73 ($0.99) and last traded at GBX 73.20 ($0.99). 4,206,881 shares were traded during trading, a decline of 10% from the average session volume of 4,699,091 shares. The stock had previously closed at GBX 78.10 ($1.06).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 59 ($0.80) price target on shares of ITM Power in a research report on Thursday, May 8th.
View Our Latest Research Report on ITM
ITM Power Trading Down 0.8%
The company has a market capitalization of £452.42 million, a price-to-earnings ratio of -16.61 and a beta of 2.03. The company has a 50-day moving average price of GBX 43.01 and a 200-day moving average price of GBX 36.45. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73.
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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