ITM Power (LON:ITM) Share Price Crosses Below 200 Day Moving Average of $34.85

Shares of ITM Power plc (LON:ITM) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.85 and traded as low as $47.10. ITM Power shares last traded at $47.45, with a volume of 302,443 shares trading hands.

The business has a 50 day simple moving average of GBX 45.58 and a 200 day simple moving average of GBX 34.98. The company has a market capitalization of $154.28 million and a PE ratio of -16.36.

About ITM Power (LON:ITM)

ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, clean fuel production, and renewable chemistry in the United Kingdom, Germany, Italy, rest of Europe, and North America. It offers HGas for power-to-gas applications. The company is also involved in the research and development of scientific and engineering projects; development and manufacture of prototype products; and sale of electrolysis equipment and hydrogen storage solutions.

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