ITM Power Plc (LON:ITM - Get Free Report) shares were up 18.4% during mid-day trading on Friday . The company traded as high as GBX 75.20 ($1.02) and last traded at GBX 72.70 ($0.99). Approximately 13,991,459 shares were traded during mid-day trading, an increase of 203% from the average daily volume of 4,618,578 shares. The stock had previously closed at GBX 61.40 ($0.83).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed 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.
Check Out Our Latest Report on ITM Power
ITM Power Price Performance
The firm has a 50-day simple moving average of GBX 38.14 and a 200 day simple moving average of GBX 35.02. The firm has a market cap of £453.04 million, a PE ratio of -16.63 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56.
About ITM Power
(
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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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