ITM Power Plc (LON:ITM - Get Free Report) shares rose 15% during trading on Tuesday . The company traded as high as GBX 83.60 ($1.13) and last traded at GBX 83.60 ($1.13). Approximately 9,977,290 shares traded hands during mid-day 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 target on shares of ITM Power in a research note on Thursday, May 8th.
View Our Latest Stock Report on ITM
ITM Power Trading Down 10.3%
The stock has a market cap of £467.37 million, a PE ratio of -17.16 and a beta of 2.03. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The stock's fifty day moving average price is GBX 40.14 and its 200 day moving average price is GBX 35.63.
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.
See Also
Before you consider ITM Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITM Power wasn't on the list.
While ITM Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
