ITM Power Plc (LON:ITM - Get Free Report)'s stock price rose 14.1% on Friday . The company traded as high as GBX 58.50 ($0.79) and last traded at GBX 56.80 ($0.77). Approximately 9,401,504 shares were traded during trading, an increase of 141% from the average daily volume of 3,905,325 shares. The stock had previously closed at GBX 49.80 ($0.67).
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 note on Thursday, May 8th.
Check Out Our Latest Analysis on ITM
ITM Power Stock Performance
The company has a market capitalization of £487.94 million, a price-to-earnings ratio of -17.91 and a beta of 2.03. The stock's 50 day moving average price is GBX 35.46 and its 200 day moving average price is GBX 34.27. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73.
About ITM Power
(
Get Free Report)
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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