Shares of ITM Power Plc (LON:ITM - Get Free Report) shot up 12.1% during trading on Friday . The stock traded as high as GBX 75.20 ($1.02) and last traded at GBX 68.80 ($0.93). 14,750,909 shares were traded during mid-day trading, an increase of 219% from the average session volume of 4,625,609 shares. The stock had previously closed at GBX 61.40 ($0.83).
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.80) price objective on shares of ITM Power in a research report on Thursday, May 8th.
Check Out Our Latest Stock Analysis on ITM Power
ITM Power Trading Up 18.7%
The company has a 50 day moving average of GBX 38.14 and a 200-day moving average of GBX 35.02. The stock has a market cap of £454.29 million, a price-to-earnings ratio of -16.68 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17.
About ITM Power
(
Get Free Report)
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.
Further Reading
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