ITM Power Plc (LON:ITM - Get Free Report)'s stock price rose 8.2% during mid-day trading on Wednesday . The company traded as high as GBX 35 ($0.47) and last traded at GBX 31.23 ($0.42). Approximately 9,660,370 shares traded hands during trading, an increase of 143% from the average daily volume of 3,982,744 shares. The stock had previously closed at GBX 28.85 ($0.38).
ITM Power Stock Performance
The company has a market cap of £200.35 million, a P/E ratio of -7.35 and a beta of 2.03. The business has a 50 day moving average price of GBX 28.65 and a two-hundred day moving average price of GBX 34.15. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17.
ITM Power (LON:ITM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. On average, sell-side analysts anticipate that ITM Power Plc will post -8.9214682 earnings per share for the current year.
Insiders Place Their Bets
In other ITM Power news, insider Amy Grey purchased 102,455 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of GBX 29 ($0.39) per share, with a total value of £29,711.95 ($39,515.83). In the last ninety days, insiders purchased 103,937 shares of company stock worth $3,016,249. 48.26% of the stock is currently owned by corporate insiders.
ITM Power Company Profile
(
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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