Shares of ITM Power Plc (LON:ITM - Get Free Report) shot up 18.4% on Saturday . The stock traded as high as GBX 75.20 ($1.02) and last traded at GBX 72.70 ($0.98). 13,991,459 shares changed hands during mid-day trading, an increase of 203% from the average session volume of 4,618,578 shares. The stock had previously closed at GBX 61.40 ($0.83).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.80) price objective on shares of ITM Power in a research report on Thursday, May 8th.
View Our Latest Research Report on ITM Power
ITM Power Price Performance
The stock's 50-day moving average is GBX 41.07 and its 200 day moving average is GBX 35.90. 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 company has a market cap of £467.37 million, a PE 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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