Shares of ITM Power Plc (LON:ITM - Get Free Report) were down 9.8% during 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 were traded during mid-day 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 reaffirmed a "hold" rating and issued a GBX 59 ($0.80) price target on shares of ITM Power in a research report on Thursday, May 8th.
Check Out Our Latest Stock Analysis on ITM
ITM Power Price Performance
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 stock has a market cap of £453.04 million, a PE ratio of -16.63 and a beta of 2.03. The stock's 50-day moving average is GBX 39.05 and its two-hundred day moving average is GBX 35.27.
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.
Further Reading
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