ITM Power Plc (LON:ITM - Get Free Report)'s stock price was up 15% during trading on Monday . The stock traded as high as GBX 83.60 ($1.13) and last traded at GBX 83.60 ($1.13). Approximately 9,977,290 shares changed hands during trading, an increase of 114% from the average daily volume of 4,667,740 shares. The stock had previously closed at GBX 72.70 ($0.99).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 59 ($0.80) price objective on shares of ITM Power in a research report on Thursday, May 8th.
Read Our Latest Report on ITM
ITM Power Price Performance
The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The firm has a market capitalization of £520.97 million, a PE ratio of -19.12 and a beta of 2.03. The company has a 50-day moving average price of GBX 40.14 and a 200-day moving average price of GBX 35.63.
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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