ITM Power Plc (LON:ITM - Get Free Report)'s stock price was up 14.1% 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 traded hands during mid-day 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).
Analyst Ratings Changes
Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 59 ($0.80) price objective on shares of ITM Power in a research note on Thursday, May 8th.
Check Out Our Latest Report on ITM Power
ITM Power Trading Down 3.9%
The company has a market cap of £469.06 million, a PE ratio of -17.22 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. The company has a 50 day simple moving average of GBX 36.48 and a two-hundred day simple moving average of GBX 34.57.
ITM Power Company Profile
(
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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