ITM Power Plc (LON:ITM - Get Free Report)'s stock price rose 19.7% during trading on Monday . The company traded as high as GBX 42.85 ($0.56) and last traded at GBX 42.85 ($0.56). Approximately 10,742,647 shares changed hands during mid-day trading, an increase of 175% from the average daily volume of 3,907,366 shares. The stock had previously closed at GBX 35.80 ($0.47).
Analyst Ratings Changes
Separately, Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.78) price objective on shares of ITM Power in a research note on Thursday.
Get Our Latest Stock Analysis on ITM
ITM Power Stock Performance
The company has a market cap of £267.03 million, a P/E ratio of -9.80 and a beta of 2.03. The firm has a 50 day moving average of GBX 29.29 and a 200-day moving average of GBX 33.43. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73.
Insider Buying and Selling at ITM Power
In other news, insider Amy Grey purchased 102,455 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average price of GBX 29 ($0.38) per share, with a total value of £29,711.95 ($39,146.18). In the last 90 days, insiders have purchased 103,937 shares of company stock valued at $3,016,249. 48.26% of the stock is currently owned by corporate insiders.
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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