ITM POWER (OTCMKTS:ITMPF) Shares Gap Down - Should You Sell?

Key Points

• Itm Power shares gapped down from a closing price of $0.92 to an opening price of $0.85, with only 170 shares traded at the latter price.
• The company's 50-day simple moving average is $0.96, indicating a potential downward trend in stock performance.
• Itm Power specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers for various global markets.
• Financial metrics indicate a healthy balance sheet with a current ratio of 3.87 and a low debt-to-equity ratio of 0.05.

ITM POWER (OTCMKTS:ITMPF - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $0.92, but opened at $0.85. ITM POWER shares last traded at $0.85, with a volume of 170 shares.

ITM POWER Stock Performance

The stock has a 50 day moving average of $0.97 and a two-hundred day moving average of $0.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.87 and a quick ratio of 2.93.

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.