Itm Power (OTCMKTS:ITMPF) Shares Gap Down – Time to Sell?

Itm Power (OTCMKTS:ITMPF)’s share price gapped down prior to trading on Friday. The stock had previously closed at $0.9825, but opened at $0.8879. Itm Power shares last traded at $0.8879, with a volume of 2,000 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ITMPF shares. Zacks Research upgraded shares of Itm Power to a “hold” rating in a research report on Monday, October 26th. Peel Hunt upgraded shares of Itm Power to a “hold” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Itm Power Stock Performance

The company has a 50-day moving average of $1.22 and a 200 day moving average of $1.37.

About Itm Power

ITM Power is a U.K.-based clean-energy company that designs and manufactures proton exchange membrane (PEM) electrolyser systems. Its equipment uses electricity to produce hydrogen from water, with the aim of supplying hydrogen made using renewable power. The company’s products and integrated systems are intended for uses including industrial hydrogen supply, transport and energy storage. ITM Power also develops and delivers hydrogen projects with customers and partners, particularly in the United Kingdom and other international markets.