ITM Power (LON:ITM) Share Price Crosses Below Two Hundred Day Moving Average of $58.12

Shares of ITM Power Plc (LON:ITM) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 58.12 ($0.72) and traded as low as GBX 50.55 ($0.63). ITM Power shares last traded at GBX 50.75 ($0.63), with a volume of 1,954,469 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised ITM Power to a “buy” rating in a research report on Monday, February 26th.

ITM Power Stock Down 1.2 %

The business has a 50 day moving average of GBX 55.35 and a 200-day moving average of GBX 57.90. The stock has a market cap of £311.22 million, a PE ratio of -504.50 and a beta of 1.77. The company has a current ratio of 4.45, a quick ratio of 7.56 and a debt-to-equity ratio of 2.62.

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.