Shares of ITM Power Plc (LON:ITM - Get Free Report) traded up 14.1% during mid-day trading on Friday . The company traded as high as GBX 58.50 ($0.79) and last traded at GBX 56.80 ($0.76). 9,401,504 shares traded hands during trading, an increase of 141% from the average session volume of 3,905,325 shares. The stock had previously closed at GBX 49.80 ($0.67).
Analyst Ratings Changes
Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 59 ($0.79) target price on shares of ITM Power in a research note on Thursday, May 8th.
View Our Latest Stock Analysis on ITM
ITM Power Price Performance
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 fifty day moving average is GBX 34.76 and its 200 day moving average is GBX 34.08. The company has a market cap of £353.96 million, a P/E 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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