Itm Power (OTCMKTS:ITMPF) Shares Gap Down – Should You Sell?

Shares of Itm Power (OTCMKTS:ITMPF) gapped down prior to trading on Friday . The stock had previously closed at $0.90, but opened at $0.8720. Itm Power shares last traded at $0.87, with a volume of 550 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt upgraded Itm Power to a “hold” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Itm Power Trading Down 4.4%

The firm has a fifty day moving average of $0.99 and a 200 day moving average of $0.98. The company has a current ratio of 3.07, a quick ratio of 2.46 and a debt-to-equity ratio of 0.05.

About Itm Power

Itm Power plc is a United Kingdom–based manufacturer of integrated hydrogen energy solutions, specializing in proton exchange membrane (PEM) electrolyzer systems. The company’s core offering includes modular electrolyzer stacks and balance-of-plant solutions designed to convert renewable electricity into green hydrogen. These systems can be scaled from small-scale demonstrations to multi-megawatt deployments, targeting applications in industry, gas blending and refueling infrastructure.

Beyond electrolyzer modules, Itm Power develops turnkey turnkey “power-to-gas” and “power-to-liquids” projects that enable carbon-free fuel production.