Itm Power (OTCMKTS:ITMPF) Stock Price Down 7% – Should You Sell?

Itm Power (OTCMKTS:ITMPF)’s stock price dropped 7% during mid-day trading on Friday . The company traded as low as $0.8793 and last traded at $0.8987. Approximately 1,200 shares traded hands during trading, a decline of 87% from the average daily volume of 9,099 shares. The stock had previously closed at $0.9660.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt raised shares of Itm Power to a “hold” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Itm Power has an average rating of “Buy”.

Itm Power Stock Performance

The company has a fifty day moving average of $1.03 and a 200-day moving average of $0.97. 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.