ITM Power Plc (LON:ITM - Get Free Report)'s share price dropped 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). Approximately 15,749,949 shares changed hands during trading, an increase of 247% from the average daily volume of 4,532,740 shares. The stock had previously closed at GBX 68.10 ($0.92).
Analyst Ratings Changes
Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 59 ($0.80) price target on shares of ITM Power in a research note on Thursday, May 8th.
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ITM Power Trading Up 18.4%
The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The business's 50 day moving average price is GBX 39.05 and its 200-day moving average price is GBX 35.28. The firm has a market capitalization of £453.04 million, a price-to-earnings ratio of -16.63 and a beta of 2.03.
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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