ITM Power Plc (LON:ITM - Get Free Report) shares reached a new 52-week low on Friday . The stock traded as low as GBX 31.06 ($0.39) and last traded at GBX 32.28 ($0.41), with a volume of 3346483 shares traded. The stock had previously closed at GBX 32.86 ($0.42).
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on ITM shares. Berenberg Bank reiterated a "hold" rating and issued a GBX 59 ($0.75) price target on shares of ITM Power in a research report on Thursday, December 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a GBX 70 ($0.89) target price on shares of ITM Power in a research report on Friday, December 6th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 60 ($0.76) price target on shares of ITM Power in a research note on Friday, December 6th.
Check Out Our Latest Research Report on ITM Power
ITM Power Stock Performance
The firm has a fifty day simple moving average of GBX 35.42 and a 200 day simple moving average of GBX 40.91. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The company has a market cap of £186.20 million, a price-to-earnings ratio of -6.84 and a beta of 2.03.
ITM Power (LON:ITM - Get Free Report) last posted its earnings results on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share (EPS) for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. On average, sell-side analysts expect that ITM Power Plc will post -8.9214682 earnings per share for the current fiscal year.
Insider Activity at ITM Power
In related news, insider Simon Bourne bought 792 shares of ITM Power stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of GBX 38 ($0.48) per share, for a total transaction of £300.96 ($381.44). Insiders acquired a total of 1,634 shares of company stock worth $60,382 in the last 90 days. 48.26% of the stock is owned by company insiders.
ITM Power Company Profile
(
Get Free Report)
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.
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