Shares of ITM Power Plc (LON:ITM - Get Free Report) rose 12.1% on Friday . The company traded as high as GBX 75.20 ($1.02) and last traded at GBX 68.80 ($0.93). Approximately 14,750,909 shares were traded during trading, an increase of 219% from the average daily volume of 4,625,609 shares. The stock had previously closed at GBX 61.40 ($0.83).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 59 ($0.80) target price on shares of ITM Power in a report on Thursday, May 8th.
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ITM Power Price Performance
The business has a fifty day simple moving average of GBX 40.14 and a two-hundred day simple moving average of GBX 35.63. 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 stock has a market cap of £520.97 million, a PE ratio of -19.12 and a beta of 2.03.
About ITM Power
(
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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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