ITM Power Plc (LON:ITM - Get Free Report)'s share price traded up 12% during trading on Wednesday . The company traded as high as GBX 82.60 ($1.11) and last traded at GBX 82.20 ($1.11). 8,106,771 shares traded hands during trading, an increase of 72% from the average session volume of 4,701,834 shares. The stock had previously closed at GBX 73.40 ($0.99).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 59 ($0.79) price target on shares of ITM Power in a research note on Thursday, May 8th.
Check Out Our Latest Research Report on ITM
ITM Power Stock Performance
The company has a 50 day moving average price of GBX 48.92 and a 200-day moving average price of GBX 38.26. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The company has a market cap of £464.26 million, a P/E ratio of -17.04 and a beta of 2.03.
ITM Power Company Profile
(
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ITM Power was founded in 2000, and ITM Power PLC was admitted to the London Stock Exchange's AIM market in 2004.
Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.
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