ITM Power Plc (LON:ITM - Get Free Report)'s stock price rose 18.4% during mid-day trading on Friday . The stock traded as high as GBX 75.20 ($1.02) and last traded at GBX 72.70 ($0.98). Approximately 13,991,459 shares were traded during 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).
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.80) price target on shares of ITM Power in a research note on Thursday, May 8th.
Get Our Latest Stock Analysis on ITM
ITM Power Stock Performance
The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The stock's 50 day moving average price is GBX 39.05 and its two-hundred day moving average price is GBX 35.27. The firm has a market capitalization of £453.04 million, a PE ratio of -16.63 and a beta of 2.03.
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.
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