ITM Power Plc (LON:ITM - Get Free Report) rose 18.4% on Saturday . The company traded as high as GBX 75.20 ($1.02) and last traded at GBX 72.70 ($0.98). Approximately 13,991,459 shares changed hands during trading, an increase of 203% from the average daily volume of 4,618,578 shares. The stock had previously closed at GBX 61.40 ($0.83).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.80) price objective 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 firm's fifty day moving average price is GBX 41.07 and its 200 day moving average price is GBX 35.90. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of £467.37 million, a price-to-earnings ratio of -17.16 and a beta of 2.03.
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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