ITM Power (LON:ITM) Trading 12.3% Higher - What's Next?

ITM Power Plc (LON:ITM - Get Free Report) shares traded up 12.3% on Monday . The stock 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 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).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated 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.

ITM Power Price Performance

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 stock has a market cap of £453.04 million, a P/E ratio of -16.63 and a beta of 2.03. The business's 50-day simple moving average is GBX 39.05 and its two-hundred day simple moving average is GBX 35.27.

ITM Power Company Profile

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.