ITM Power (OTCMKTS:ITMPF) Reaches New 1-Year Low at $0.82

ITM Power Plc (OTCMKTS:ITMPF – Get Rating)’s stock price hit a new 52-week low on Friday . The stock traded as low as $0.82 and last traded at $0.89, with a volume of 6217 shares traded. The stock had previously closed at $0.85.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ITMPF. JPMorgan Chase & Co. dropped their price objective on ITM Power from GBX 230 ($2.86) to GBX 210 ($2.61) in a report on Wednesday, April 19th. Berenberg Bank raised ITM Power from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $210.00.

ITM Power Price Performance

The firm has a 50 day moving average of $0.96 and a two-hundred day moving average of $1.09.

ITM Power Company Profile

(Get Rating)

ITM Power Plc engages in the business of hydrogen energy solutions. The firm’s activities include the design, manufacture, and sale of hydrogen energy system for energy storage and clean fuel production. It also offers construction, consulting, maintenance, and other services. The company was founded by Jonathan A.