ITM Power Plc (LON:ITM - Get Free Report) rose 20.5% during mid-day trading on Friday . The company traded as high as GBX 74.49 ($1.01) and last traded at GBX 74 ($1.00). Approximately 11,364,030 shares traded hands during trading, an increase of 147% from the average daily volume of 4,594,250 shares. The stock had previously closed at GBX 61.40 ($0.83).
Wall Street Analyst Weigh In
Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.80) price objective on shares of ITM Power in a report on Thursday, May 8th.
Get Our Latest Stock Report on ITM Power
ITM Power Stock Performance
The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The stock's 50 day simple moving average is GBX 39.05 and its two-hundred day simple moving average is GBX 35.27. The stock has a market cap of £453.04 million, a P/E ratio of -16.63 and a beta of 2.03.
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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