Shares of ITM Power Plc (LON:ITM - Get Free Report) shot up 14.1% during trading on Saturday . The company traded as high as GBX 58.50 ($0.79) and last traded at GBX 56.80 ($0.77). 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).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 59 ($0.80) price objective on shares of ITM Power in a research note on Thursday, May 8th.
View Our Latest Research Report on ITM
ITM Power Stock Performance
The company has a fifty day moving average price of GBX 34.76 and a 200 day moving average price of GBX 34.07. The stock has a market cap of £397.58 million, a P/E ratio of -14.59 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56.
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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