ITM Power (OTCMKTS:ITMPF) Trading Down 4.1%

ITM Power Plc (OTCMKTS:ITMPFGet Free Report)’s stock price traded down 4.1% on Friday . The stock traded as low as $0.61 and last traded at $0.61. 11,951 shares were traded during trading, an increase of 43% from the average session volume of 8,383 shares. The stock had previously closed at $0.64.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. UBS Group upgraded ITM Power to a “hold” rating in a report on Sunday, June 23rd. Berenberg Bank upgraded ITM Power to a “hold” rating in a report on Friday, August 16th.

Check Out Our Latest Research Report on ITMPF

ITM Power Stock Down 4.1 %

The stock has a 50 day moving average of $0.68 and a 200 day moving average of $0.69.

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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