Itm Power (OTCMKTS:ITMPF) Shares Gap Up – What’s Next?

Itm Power (OTCMKTS:ITMPF) shares gapped up before the market opened on Friday . The stock had previously closed at $1.00, but opened at $1.07. Itm Power shares last traded at $1.06, with a volume of 800 shares traded.

Analysts Set New Price Targets

ITMPF has been the subject of a number of analyst reports. Peel Hunt raised shares of Itm Power to a “hold” rating in a report on Friday, August 29th. Berenberg Bank raised shares of Itm Power from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Itm Power Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 3.07 and a quick ratio of 2.46. The firm’s fifty day moving average price is $0.91 and its 200-day moving average price is $0.78.

About Itm Power

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.