ITM Power Plc (LON:ITM - Get Free Report)'s share price 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 mid-day 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 Upgrades and Downgrades
Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 59 ($0.80) target price on shares of ITM Power in a report on Thursday, May 8th.
Check Out Our Latest Analysis on ITM Power
ITM Power Price Performance
The firm has a market capitalization of £469.06 million, a P/E ratio of -17.22 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. The stock's fifty day simple moving average is GBX 37.44 and its 200 day simple moving average is GBX 34.85.
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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