ITM Power Plc (LON:ITM - Get Free Report) was down 8.4% during mid-day trading on Friday . The stock traded as low as GBX 65.70 ($0.89) and last traded at GBX 67.62 ($0.91). Approximately 10,144,044 shares were traded during trading, an increase of 118% from the average daily volume of 4,646,842 shares. The stock had previously closed at GBX 73.80 ($1.00).
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on ITM shares. JPMorgan Chase & Co. reissued a "neutral" rating on shares of ITM Power in a report on Monday, July 28th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 100 ($1.35) target price on shares of ITM Power in a report on Thursday.
Read Our Latest Stock Analysis on ITM Power
ITM Power Stock Performance
The stock's 50-day moving average is GBX 74.14 and its 200-day moving average is GBX 48.31. The stock has a market cap of £421.38 million, a price-to-earnings ratio of -15.47 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56.
ITM Power (LON:ITM - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported GBX (7.40) (($0.10)) earnings per share for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. Analysts anticipate that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.
About ITM Power
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ITM Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITM Power wasn't on the list.
While ITM Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access