Itm Power (OTCMKTS:ITMPF) Shares Gap Down - Here's What Happened

Key Points

• Itm Power shares gapped down before trading on Friday, opening at $0.81 after a previous close of $0.84 and last trading at $0.82.
• Equities research analysts have recently upgraded Itm Power, with Peel Hunt rating it as a "hold" and Berenberg Bank giving it a "strong-buy" rating, resulting in an overall average rating of "Buy."
• The stock is currently trading down by 2.4%, with a fifty-day moving average of $0.94 and a 200-day moving average of $0.71.

Itm Power (OTCMKTS:ITMPF - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $0.84, but opened at $0.81. Itm Power shares last traded at $0.82, with a volume of 1,100 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Peel Hunt upgraded shares of Itm Power to a "hold" rating in a report on Friday, August 29th. Berenberg Bank upgraded shares of Itm Power from a "hold" rating to a "strong-buy" rating in a report 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 company's stock. Based on data from MarketBeat, Itm Power presently has an average rating of "Buy".

Itm Power Trading Down 2.4%

The stock's fifty day moving average is $0.94 and its 200 day moving average is $0.71.

Itm Power Company Profile

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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