Itm Power (OTCMKTS:ITMPF – Get Free Report)’s stock price fell 5% during mid-day trading on Tuesday. The stock traded as low as $1.13 and last traded at $1.14. 11,250 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 24,929 shares. The stock had previously closed at $1.20.
Analysts Set New Price Targets
Separately, Peel Hunt raised Itm Power to a “hold” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Itm Power has an average rating of “Moderate Buy”.
Check Out Our Latest Report on Itm Power
Itm Power Stock Up 0.3%
The firm’s fifty day simple moving average is $1.36 and its two-hundred day simple moving average is $1.58.
About Itm Power
ITM Power plc is a United Kingdom-based company that designs and manufactures proton exchange membrane (PEM) electrolyzers for the production of green hydrogen. Its systems use renewable electricity and water to generate hydrogen without directly producing carbon emissions, supporting the decarbonization of industrial processes, transportation, and energy systems.
The company supplies electrolyzer products and related engineering, integration, and service capabilities for projects ranging from smaller distributed installations to large-scale hydrogen production facilities.
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