ITM Power Plc (LON:ITM - Get Free Report) shares traded down 9.2% during trading on Friday . The company traded as low as GBX 66.30 ($0.90) and last traded at GBX 66.99 ($0.90). 6,830,110 shares traded hands during trading, an increase of 48% from the average session volume of 4,625,868 shares. The stock had previously closed at GBX 73.80 ($1.00).
Analysts Set New Price Targets
A number of analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of ITM Power in a research note on Monday, July 28th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 100 ($1.35) price objective on shares of ITM Power in a research note on Thursday.
Read Our Latest Stock Analysis on ITM Power
ITM Power Trading Up 5.0%
The business has a 50 day simple moving average of GBX 73.81 and a 200-day simple moving average of GBX 48.95. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of £446.19 million, a price-to-earnings ratio of -16.38 and a beta of 2.03.
ITM Power (LON:ITM - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported GBX (7.40) (($0.10)) earnings per share (EPS) for the quarter. ITM Power had a negative return on equity of 9.97% and a negative net margin of 164.90%. On average, equities analysts predict that ITM Power Plc will post -8.9214682 earnings per share for the current year.
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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