ITM Power (LON:ITM – Get Free Report) released its quarterly earnings results on Monday. The company reported GBX (4) EPS for the quarter, Digital Look Earnings reports. ITM Power had a negative return on equity of 14.17% and a negative net margin of 108.00%.
ITM Power Stock Down 0.5%
LON:ITM opened at GBX 91.45 on Monday. The company has a market capitalization of £631.19 million, a price-to-earnings ratio of -18.29 and a beta of 2.82. ITM Power has a one year low of GBX 57.90 and a one year high of GBX 219.80. The stock has a 50-day simple moving average of GBX 102.18 and a 200 day simple moving average of GBX 118.32. The company has a debt-to-equity ratio of 6.99, a quick ratio of 7.56 and a current ratio of 2.62.
Analysts Set New Price Targets
ITM has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on ITM Power from GBX 60 to GBX 80 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 92 target price on shares of ITM Power in a research report on Thursday, October 8th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 200 price objective on shares of ITM Power in a research note on Monday, October 12th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, ITM Power presently has a consensus rating of “Hold” and an average target price of GBX 4,086.40.
Check Out Our Latest Analysis on ITM
About ITM Power
ITM Power designs and manufactures industrial-scale electrolysers for green hydrogen production. Its proprietary PEM technology, vertically integrated manufacturing, and in-house engineering capabilities enable it to supply standardised, high-performance hydrogen plants.
With a proven track record in large-scale projects, ITM Power helps leading industrial and energy companies achieve their decarbonisation goals. In addition to its equipment offering, the company provides reliable and cost-competitive hydrogen supply through its build, own and operate (BOO) model, Hydropulse.
Headquartered in the UK, ITM Power is listed on the London Stock Exchange AIM (LSE: ITM) and holds the Green Economy Mark, which recognises companies that generate over 50% of their revenues from green products and services.
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