ITM Power Plc (LON:ITM - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 45.83 ($0.57) and traded as low as GBX 34.18 ($0.43). ITM Power shares last traded at GBX 35.70 ($0.45), with a volume of 476,241 shares changing hands.
Analyst Ratings Changes
Several brokerages recently weighed in on ITM. Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.74) price objective on shares of ITM Power in a research report on Thursday, December 5th. Royal Bank of Canada restated an "outperform" rating and set a GBX 70 ($0.88) price target on shares of ITM Power in a report on Friday, December 6th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 60 ($0.75) price objective on shares of ITM Power in a report on Friday, December 6th.
Read Our Latest Stock Report on ITM Power
ITM Power Trading Up 3.6 %
The firm has a market cap of £220.15 million, a price-to-earnings ratio of -892.50 and a beta of 2.03. The company has a 50 day moving average of GBX 36.93 and a 200 day moving average of GBX 45.73. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73.
Insider Activity
In other news, insider Andy Allen acquired 658 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of GBX 46 ($0.58) per share, for a total transaction of £302.68 ($378.73). Also, insider Simon Bourne acquired 60,126 shares of the business's stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of GBX 42 ($0.53) per share, for a total transaction of £25,252.92 ($31,597.75). Insiders have purchased 61,597 shares of company stock valued at $2,585,641 over the last three months. 48.26% of the stock is owned by insiders.
About ITM Power
(
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.
Featured Stories
Before you consider ITM Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITM Power wasn't on the list.
While ITM Power currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
