ITM Power (OTCMKTS:ITMPF) Rating Increased to Hold at UBS Group

ITM Power (OTCMKTS:ITMPF) was upgraded by equities researchers at UBS Group to a “hold” rating in a report released on Sunday, Zacks.com reports.

ITM Power Price Performance

ITMPF stock opened at $0.65 on Friday. ITM Power has a one year low of $0.52 and a one year high of $1.31. The company’s fifty day moving average price is $0.69 and its 200-day moving average price is $0.70.

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.