Itm Power (OTCMKTS:ITMPF) Shares Gap Up – Still a Buy?

Shares of Itm Power (OTCMKTS:ITMPF) gapped up before the market opened on Monday . The stock had previously closed at $0.82, but opened at $0.89. Itm Power shares last traded at $0.89, with a volume of 150 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ITMPF shares. Peel Hunt raised shares of Itm Power to a “hold” rating in a research report on Friday, August 29th. Berenberg Bank upgraded shares of Itm Power from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 4th. One research 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, the stock currently has an average rating of “Buy”.

Itm Power Trading Up 2.5%

The company’s 50 day moving average price is $0.93 and its two-hundred day moving average price is $0.71. The company has a quick ratio of 2.46, a current ratio of 3.07 and a debt-to-equity ratio of 0.05.

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.