ITM Power Plc (LON:ITM - Get Free Report)'s share price shot up 18.4% during trading on Saturday . The company traded as high as GBX 75.20 ($1.02) and last traded at GBX 72.70 ($0.98). 13,991,459 shares were traded during mid-day trading, an increase of 203% from the average session 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 report on Thursday, May 8th.
Read Our Latest Stock Analysis on ITM
ITM Power Stock Performance
The stock has a market capitalization of £453.04 million, a P/E ratio of -16.63 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 business has a 50-day moving average price of GBX 39.05 and a 200 day moving average price of GBX 35.27.
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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