ITM Power Plc (LON:ITM - Get Free Report)'s share price rose 7.6% on Tuesday . The stock traded as high as GBX 35 ($0.47) and last traded at GBX 31.05 ($0.41). Approximately 18,552,623 shares changed hands during mid-day trading, an increase of 353% from the average daily volume of 4,098,228 shares. The stock had previously closed at GBX 28.85 ($0.38).
ITM Power Price Performance
The stock has a 50-day simple moving average of GBX 28.65 and a 200 day simple moving average of GBX 34.24. The company has a market cap of £202.22 million, a PE ratio of -7.42 and a beta of 2.03. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73.
ITM Power (LON:ITM - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share (EPS) for the quarter. ITM Power had a negative return on equity of 9.97% and a negative net margin of 164.90%. Equities analysts expect that ITM Power Plc will post -8.9214682 EPS for the current year.
Insider Transactions at ITM Power
In other news, insider Amy Grey acquired 102,455 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of GBX 29 ($0.39) per share, for a total transaction of £29,711.95 ($39,563.18). In the last three months, insiders have purchased 103,937 shares of company stock worth $3,016,249. 48.26% of the stock is currently owned by insiders.
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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