ITM Power Plc (LON:ITM - Get Free Report)'s stock price fell 9.8% during mid-day trading on Thursday . The company traded as low as GBX 59.15 ($0.80) and last traded at GBX 61.40 ($0.83). 15,749,949 shares were traded during mid-day trading, an increase of 247% from the average session volume of 4,532,740 shares. The stock had previously closed at GBX 68.10 ($0.92).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a "hold" rating and issued a GBX 59 ($0.80) price objective on shares of ITM Power in a research report on Thursday, May 8th.
Check Out Our Latest Report on ITM
ITM Power Trading Down 9.8%
The stock has a market cap of £382.62 million, a PE ratio of -14.05 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The company has a 50 day moving average of GBX 37.44 and a two-hundred day moving average of GBX 34.85.
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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