ITM Power Plc (LON:ITM - Get Free Report) rose 9% during trading on Friday . The stock traded as high as GBX 77 ($1.04) and last traded at GBX 73.80 ($1.00). Approximately 11,383,650 shares were traded during mid-day trading, an increase of 147% from the average daily volume of 4,611,828 shares. The stock had previously closed at GBX 67.70 ($0.92).
Analysts Set New Price Targets
ITM has been the subject of several research reports. Berenberg Bank restated a "buy" rating and issued a GBX 100 ($1.35) price objective on shares of ITM Power in a report on Thursday. JPMorgan Chase & Co. restated a "neutral" rating on shares of ITM Power in a report on Monday, July 28th.
Read Our Latest Report on ITM Power
ITM Power Stock Performance
The firm has a market capitalization of £420.70 million, a P/E ratio of -15.44 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 business's 50 day simple moving average is GBX 74.14 and its two-hundred day simple moving average is GBX 48.31.
ITM Power (LON:ITM - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported GBX (7.40) (($0.10)) 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%. Sell-side analysts anticipate that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.
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.
Further Reading
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