ITM Power Plc (LON:ITM - Get Free Report) was up 22.7% on Tuesday . The stock traded as high as GBX 79.70 ($1.08) and last traded at GBX 78.30 ($1.06). Approximately 15,714,211 shares traded hands during mid-day trading, an increase of 283% from the average daily volume of 4,104,912 shares. The stock had previously closed at GBX 63.80 ($0.86).
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.80) target price on shares of ITM Power in a research note on Thursday, May 8th.
Get Our Latest Stock Analysis on ITM Power
ITM Power Price Performance
The stock's 50 day simple moving average is GBX 37.44 and its 200-day simple moving average is GBX 34.85. 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 firm has a market cap of £382.62 million, a price-to-earnings ratio of -14.05 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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