Itm Power (OTCMKTS:ITMPF) Sees Strong Trading Volume - What's Next?

Key Points

• Itm Power shares experienced an increase in trading volume by 16%, with approximately 10,951 shares traded, pushing the current share price to $0.96.
• Analysts have upgraded Itm Power's rating, with Peel Hunt changing it to a "hold" and Berenberg Bank raising it to a "strong-buy," leading to a consensus rating of "Buy."
• The company maintains a strong financial position with a low debt-to-equity ratio of 0.05 and solid liquidity ratios, indicating potential stability in its operations and growth prospects.

Shares of Itm Power (OTCMKTS:ITMPF - Get Free Report) saw unusually-high trading volume on Friday . Approximately 10,951 shares traded hands during trading, an increase of 16% from the previous session's volume of 9,436 shares.The stock last traded at $0.96 and had previously closed at $0.93.

Analyst Upgrades and Downgrades

ITMPF has been the topic of a number of research reports. Peel Hunt raised shares of Itm Power to a "hold" rating in a research note on Friday, August 29th. Berenberg Bank raised shares of Itm Power from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Itm Power has a consensus rating of "Buy".

Itm Power Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.46 and a current ratio of 3.07. The firm's 50 day moving average is $0.90 and its 200 day moving average is $0.72.

About Itm Power

ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. Its product portfolio includes TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a cutting-edge 20 MW module for large-scale projects.

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