Itm Power (OTCMKTS:ITMPF) Trading Up 8.3% – Here’s What Happened

Shares of Itm Power (OTCMKTS:ITMPF) rose 8.3% on Thursday . The company traded as high as $0.9457 and last traded at $0.9457. Approximately 450 shares were traded during trading, a decline of 95% from the average daily volume of 9,225 shares. The stock had previously closed at $0.8734.

Analyst Ratings Changes

A number of equities analysts have issued reports on ITMPF shares. Peel Hunt raised Itm Power to a “hold” rating in a report on Friday, August 29th. Berenberg Bank upgraded Itm Power from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Itm Power currently has a consensus rating of “Buy”.

Itm Power Price Performance

The company has a quick ratio of 2.46, a current ratio of 3.07 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of $1.03 and a two-hundred day moving average of $0.94.

About Itm Power

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.