Itm Power (OTCMKTS:ITMPF) Shares Up 8.3% – What’s Next?

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

Wall Street Analysts Forecast Growth

ITMPF has been the subject of a number of analyst reports. Berenberg Bank raised shares of Itm Power from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. Peel Hunt upgraded shares of Itm Power to a “hold” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Itm Power Price Performance

The stock has a 50-day moving average price of $1.03 and a 200 day moving average price of $0.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.46 and a current ratio of 3.07.

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.