ITM Power Plc (LON:ITM - Get Free Report) shot up 22.7% during mid-day trading on Tuesday . The stock traded as high as GBX 79.70 ($1.08) and last traded at GBX 78.30 ($1.06). 15,714,211 shares changed hands during mid-day trading, an increase of 283% from the average session volume of 4,104,912 shares. The stock had previously closed at GBX 63.80 ($0.87).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.80) price objective on shares of ITM Power in a report on Thursday, May 8th.
Check Out Our Latest Report on ITM
ITM Power Trading Down 9.8%
The stock has a market capitalization of £382.62 million, a PE ratio of -14.05 and a beta of 2.03. 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 has a 50 day moving average price of GBX 37.44 and a 200-day moving average price of GBX 34.85.
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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