ITM Power Plc (LON:ITM - Get Free Report)'s stock price shot up 17% on Tuesday . The company traded as high as GBX 34.80 ($0.46) and last traded at GBX 33.75 ($0.45). 13,734,112 shares changed hands during trading, an increase of 240% from the average session volume of 4,035,649 shares. The stock had previously closed at GBX 28.85 ($0.38).
ITM Power Price Performance
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 firm's fifty day moving average price is GBX 28.65 and its 200-day moving average price is GBX 34.24. The stock has a market cap of £202.22 million, a P/E ratio of -7.42 and a beta of 2.03.
ITM Power (LON:ITM - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share (EPS) for the quarter. ITM Power had a negative return on equity of 9.97% and a negative net margin of 164.90%. Analysts forecast that ITM Power Plc will post -8.9214682 earnings per share for the current year.
Insider Activity at ITM Power
In other ITM Power news, insider Amy Grey purchased 102,455 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of GBX 29 ($0.39) per share, with a total value of £29,711.95 ($39,563.18). Insiders have acquired a total of 103,937 shares of company stock worth $3,016,249 in the last 90 days. Company insiders own 48.26% of the company's stock.
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.
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
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
