ITM Power Plc (LON:ITM - Get Free Report) traded up 12.3% on Monday . The company traded as high as GBX 67.90 ($0.92) and last traded at GBX 63.80 ($0.86). 13,053,060 shares were traded during mid-day trading, an increase of 227% from the average session volume of 3,993,284 shares. The stock had previously closed at GBX 56.80 ($0.77).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.80) price target on shares of ITM Power in a research report on Thursday, May 8th.
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ITM Power Stock Down 9.8%
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 stock's 50-day moving average price is GBX 37.44 and its two-hundred day moving average price is GBX 34.85. The stock has a market capitalization of £382.62 million, a P/E ratio of -14.05 and a beta of 2.03.
About ITM Power
(
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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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