ITM Power Plc (LON:ITM - Get Free Report)'s stock price 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).
Analyst Ratings Changes
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.80) price objective on shares of ITM Power in a research note on Thursday, May 8th.
Get Our Latest Stock Report on ITM Power
ITM Power Price Performance
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 fifty day simple moving average of GBX 43.91 and a two-hundred day simple moving average of GBX 36.73. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17.
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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