ITM Power (OTCMKTS:ITMPF) Stock Price Down 7.5% – Time to Sell?

ITM Power Plc (OTCMKTS:ITMPFGet Free Report) shares dropped 7.5% during mid-day trading on Thursday . The company traded as low as $0.46 and last traded at $0.46. Approximately 622 shares changed hands during trading, a decline of 93% from the average daily volume of 8,622 shares. The stock had previously closed at $0.49.

ITM Power Trading Up 2.2 %

The stock has a 50-day moving average price of $0.45 and a 200-day moving average price of $0.58.

About ITM Power

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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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