ITM Power Plc (LON:ITM - Get Free Report)'s stock price rose 8.2% during mid-day trading on Wednesday . The stock traded as high as GBX 35 ($0.47) and last traded at GBX 31.23 ($0.42). Approximately 9,660,370 shares were traded during 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 Down 1.7 %
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 £198.79 million, a price-to-earnings ratio of -7.30 and a beta of 2.03. The company has a 50-day moving average price of GBX 28.65 and a 200 day moving average price of GBX 34.15.
ITM Power (LON:ITM - Get Free Report) last released its earnings results on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. As a group, research analysts anticipate that ITM Power Plc will post -8.9214682 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Amy Grey bought 102,455 shares of the company's stock in a transaction on Friday, February 28th. The shares were bought at an average cost of GBX 29 ($0.39) per share, with a total value of £29,711.95 ($39,515.83). Insiders purchased a total of 103,937 shares of company stock worth $3,016,249 in the last quarter. 48.26% of the stock is currently owned by corporate insiders.
ITM Power Company Profile
(
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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