ITM Power (LON:ITM) Stock Price Passes Below Two Hundred Day Moving Average of $55.72

ITM Power Plc (LON:ITM) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 55.72 ($0.70) and traded as low as GBX 51.70 ($0.65). ITM Power shares last traded at GBX 52.90 ($0.66), with a volume of 1,308,689 shares.

Wall Street Analyst Weigh In

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

ITM Power Stock Up 1.3 %

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 stock has a market capitalization of £330.65 million, a PE ratio of -529.00 and a beta of 1.77. The stock’s fifty day simple moving average is GBX 52.93 and its 200-day simple moving average is GBX 55.72.

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.