ITM Power (LON:ITM) Stock Price Crosses Below 200-Day Moving Average of $60.53

ITM Power Plc (LON:ITM) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 60.53 ($0.76) and traded as low as GBX 51.70 ($0.65). ITM Power shares last traded at GBX 53.72 ($0.68), with a volume of 1,127,499 shares trading hands.

Analyst Upgrades and Downgrades

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

ITM Power Trading Down 0.2 %

The firm has a 50 day simple moving average of GBX 55.35 and a 200 day simple moving average of GBX 60.53. 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 firm has a market capitalization of £331.39 million, a PE ratio of -537.20 and a beta of 1.82.

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.