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

Shares of Itm Power (OTCMKTS:ITMPF) gapped up prior to trading on Friday . The stock had previously closed at $1.00, but opened at $1.07. Itm Power shares last traded at $1.06, with a volume of 800 shares trading hands.

Wall Street Analyst Weigh In

ITMPF has been the subject of several research 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 raised shares of Itm Power to a “hold” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Itm Power Trading Up 6.0%

The firm’s 50-day moving average is $0.91 and its 200 day moving average is $0.78. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.07 and a quick ratio of 2.46.

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.