Shares of ITM Power Plc (LON:ITM – Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 58.12 ($0.72) and traded as low as GBX 50.55 ($0.63). ITM Power shares last traded at GBX 50.75 ($0.63), with a volume of 1,954,469 shares.
Analysts Set New Price Targets
Separately, Jefferies Financial Group raised ITM Power to a “buy” rating in a report on Monday, February 26th.
Check Out Our Latest Stock Analysis on ITM
ITM Power Stock Performance
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.
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