ITM Power (OTCMKTS:ITMPF) Hits New 52-Week Low at $0.82

ITM Power Plc (OTCMKTS:ITMPF – Get Rating)’s stock price reached a new 52-week low during trading on Friday . The company 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 Analyst Weigh In

A number of equities analysts have issued reports on the stock. Berenberg Bank raised shares of ITM Power from a “sell” rating to a “hold” rating in a report on Wednesday, March 29th. JPMorgan Chase & Co. dropped their target price on ITM Power from GBX 230 ($2.86) to GBX 210 ($2.61) in a report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $210.00.

ITM Power Price Performance

The company’s 50-day simple moving average is $0.96 and its 200-day simple moving average is $1.09.

ITM Power Company Profile

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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.