ITM Power Plc (LON:ITM - Get Free Report)'s share price rose 14.1% during mid-day trading on Saturday . The company traded as high as GBX 58.50 ($0.79) and last traded at GBX 56.80 ($0.77). Approximately 9,401,504 shares were traded during trading, an increase of 141% from the average daily volume of 3,905,325 shares. The stock had previously closed at GBX 49.80 ($0.67).
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 59 ($0.80) price target on shares of ITM Power in a research report on Thursday, May 8th.
Read Our Latest Stock Analysis on ITM Power
ITM Power Stock Up 12.3%
The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The stock has a market capitalization of £397.58 million, a price-to-earnings ratio of -14.59 and a beta of 2.03. The firm's fifty day simple moving average is GBX 34.76 and its 200 day simple moving average is GBX 34.07.
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.
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