ITM Power Plc (LON:ITM - Get Free Report)'s share price was up 8.2% on Tuesday . The company traded as high as GBX 35 ($0.47) and last traded at GBX 31.23 ($0.42). Approximately 9,660,370 shares changed hands during mid-day trading, an increase of 143% from the average daily volume of 3,982,744 shares. The stock had previously closed at GBX 28.85 ($0.38).
ITM Power Trading Up 5.0 %
The company has a fifty day moving average of GBX 28.65 and a 200-day moving average of GBX 34.15. 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 company has a market capitalization of £202.22 million, a price-to-earnings ratio of -7.42 and a beta of 2.03.
ITM Power (LON:ITM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share (EPS) for the quarter. ITM Power had a negative return on equity of 9.97% and a negative net margin of 164.90%. As a group, equities research analysts anticipate that ITM Power Plc will post -8.9214682 earnings per share for the current fiscal year.
Insider Buying and Selling at ITM Power
In other ITM Power news, insider Amy Grey acquired 102,455 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of GBX 29 ($0.39) per share, for a total transaction of £29,711.95 ($39,515.83). In the last quarter, insiders acquired 103,937 shares of company stock worth $3,016,249. Insiders own 48.26% of the company's stock.
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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