Itm Power (OTCMKTS:ITMPF) Trading Down 5.7% – Time to Sell?

Itm Power (OTCMKTS:ITMPF) fell 5.7% on Tuesday . The stock traded as low as $0.8962 and last traded at $0.8962. 810 shares changed hands during trading, a decline of 91% from the average session volume of 9,260 shares. The stock had previously closed at $0.9499.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ITMPF. Berenberg Bank upgraded shares of Itm Power from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 4th. Peel Hunt upgraded Itm Power to a “hold” rating in a 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 stock. Based on data from MarketBeat.com, Itm Power currently has an average rating of “Buy”.

Itm Power Price Performance

The stock has a 50-day moving average of $1.02 and a 200 day moving average of $0.93. The company has a current ratio of 3.07, a quick ratio of 2.46 and a debt-to-equity ratio of 0.05.

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.