ITM Power Plc (LON:ITM - Get Free Report) shares were up 15% on Tuesday . The stock traded as high as GBX 83.60 ($1.13) and last traded at GBX 83.60 ($1.13). Approximately 9,977,290 shares were traded during trading, an increase of 114% from the average daily volume of 4,667,740 shares. The stock had previously closed at GBX 72.70 ($0.99).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.80) price objective on shares of ITM Power in a report on Thursday, May 8th.
Check Out Our Latest Stock Report on ITM Power
ITM Power Trading Down 10.3%
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 market cap of £467.37 million, a PE ratio of -17.16 and a beta of 2.03. The firm has a 50 day moving average of GBX 40.14 and a 200 day moving average of GBX 35.63.
About ITM Power
(
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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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