ITM Power Plc (LON:ITM - Get Free Report)'s stock price rose 20.5% during 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 changed hands during mid-day 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).
Analyst Ratings Changes
Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 59 ($0.80) target price on shares of ITM Power in a report on Thursday, May 8th.
View Our Latest Report on ITM
ITM Power Stock Up 15.0%
The business's fifty day moving average price is GBX 39.05 and its 200 day moving average price is GBX 35.29. 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 has a market capitalization of £520.97 million, a PE ratio of -19.12 and a beta of 2.03.
ITM Power Company Profile
(
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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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