ITM Power Plc (LON:ITM - Get Free Report)'s share price traded up 11.2% on Friday . The stock traded as high as GBX 56.47 ($0.76) and last traded at GBX 55.37 ($0.74). 6,167,687 shares traded hands during trading, an increase of 59% from the average session volume of 3,873,929 shares. The stock had previously closed at GBX 49.80 ($0.67).
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.79) price objective on shares of ITM Power in a research note on Thursday, May 8th.
Check Out Our Latest Analysis on ITM Power
ITM Power Price Performance
The company's fifty day moving average is GBX 34.76 and its two-hundred day moving average is GBX 34.08. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of £353.96 million, a price-to-earnings ratio of -12.99 and a beta of 2.03.
ITM Power Company Profile
(
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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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