Itm Power (OTCMKTS:ITMPF) Shares Gap Down - Should You Sell?

Key Points

• Itm Power (OTCMKTS:ITMPF) shares gapped down from $1.18 to $1.11, with a trading volume of 2,310 shares.
• Analysts have mixed ratings on the stock, with one upgrading it to "strong-buy" and others assigning a "hold" rating, leading to a consensus rating of "buy."
• The company specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers for various markets, including the UK, Germany, and the US.

Itm Power (OTCMKTS:ITMPF - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $1.18, but opened at $1.11. Itm Power shares last traded at $1.11, with a volume of 2,310 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on ITMPF shares. Peel Hunt upgraded Itm Power to a "hold" rating in a research note on Friday, August 29th. Berenberg Bank upgraded Itm Power from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Itm Power Trading Down 3.4%

The company has a current ratio of 3.07, a quick ratio of 2.46 and a debt-to-equity ratio of 0.05. The company's 50-day moving average is $0.93 and its 200-day moving average is $0.79.

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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