ITM Power (LON:ITM) Share Price Passes Below 200-Day Moving Average of $63.10

ITM Power Plc (LON:ITMGet Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 63.10 ($0.81) and traded as low as GBX 53.06 ($0.68). ITM Power shares last traded at GBX 54.36 ($0.70), with a volume of 1,245,015 shares traded.

Analyst Ratings Changes

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

View Our Latest Analysis on ITM Power

ITM Power Stock Performance

The firm has a market cap of £335.34 million, a P/E ratio of -543.60 and a beta of 1.84. The company has a current ratio of 4.45, a quick ratio of 7.56 and a debt-to-equity ratio of 2.62. The business’s fifty day simple moving average is GBX 55.47 and its 200-day simple moving average is GBX 63.10.

About ITM Power

(Get Free Report)

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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