ITM Power Plc (OTCMKTS:ITMPF – Get Free Report)’s stock price dropped 3.5% on Tuesday . The company traded as low as $0.43 and last traded at $0.43. Approximately 2,405 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 8,406 shares. The stock had previously closed at $0.44.
Analysts Set New Price Targets
Separately, Berenberg Bank raised ITM Power to a “hold” rating in a report on Friday, August 16th.
Check Out Our Latest Report on ITM Power
ITM Power Price Performance
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.
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