ITM Power Plc (LON:ITM - Get Free Report)'s share price rose 12.3% during trading on Tuesday . The company traded as high as GBX 67.90 ($0.92) and last traded at GBX 63.80 ($0.86). Approximately 13,053,060 shares changed hands during mid-day trading, an increase of 227% from the average daily volume of 3,993,284 shares. The stock had previously closed at GBX 56.80 ($0.77).
Analyst Ratings Changes
Separately, Berenberg Bank restated 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.
Read Our Latest Research Report on ITM Power
ITM Power Stock Down 9.8%
The firm'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 company has a market capitalization of £382.62 million, a price-to-earnings ratio of -14.05 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.
Further Reading
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