Itm Power (OTCMKTS:ITMPF) Shares Gap Down – Here’s What Happened

Shares of Itm Power (OTCMKTS:ITMPF) gapped down before the market opened on Thursday . The stock had previously closed at $0.9660, but opened at $0.9251. Itm Power shares last traded at $0.9395, with a volume of 4,200 shares.

Wall Street Analysts Forecast Growth

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

Itm Power Stock Performance

The company’s 50 day moving average price is $1.03 and its two-hundred day moving average price is $0.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.46 and a current ratio of 3.07.

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.