ITM Power Plc (LON:ITM - Get Free Report) traded down 6.3% during mid-day trading on Thursday . 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 mid-day 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 Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.80) target price on shares of ITM Power in a report on Thursday, May 8th.
Check Out Our Latest Stock Analysis on ITM
ITM Power Price Performance
The stock has a market cap of £452.42 million, a PE ratio of -16.61 and a beta of 2.03. The firm's fifty day moving average price is GBX 43.91 and its 200 day moving average price is GBX 36.74. 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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