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 ($0.76). 9,401,504 shares changed 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 reiterated a "hold" rating and set a GBX 59 ($0.79) price target on shares of ITM Power in a report on Thursday, May 8th.
View Our Latest Stock Report on ITM
ITM Power Trading Up 12.3%
The firm has a market capitalization of £397.58 million, a P/E ratio of -14.59 and a beta of 2.03. 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 firm has a 50 day moving average of GBX 34.76 and a 200-day moving average of GBX 34.07.
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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