ITM Power Plc (OTCMKTS:ITMPF - Get Free Report) dropped 3.5% on Tuesday . The company traded as low as $0.43 and last traded at $0.43. Approximately 2,405 shares traded hands during trading, a decline of 71% from the average daily volume of 8,406 shares. The stock had previously closed at $0.44.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank raised ITM Power to a "hold" rating in a report on Friday, August 16th.
Check Out Our Latest Stock Report on ITM Power
ITM Power Price Performance
The stock has a 50 day moving average of $0.55 and a two-hundred day moving average of $0.64.
About ITM Power
(
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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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