ITM Power Plc (LON:ITM - Get Free Report) shares rose 8.7% during mid-day trading on Monday . The company traded as high as GBX 68.20 ($0.91) and last traded at GBX 65.04 ($0.86). Approximately 6,723,836 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 4,617,773 shares. The stock had previously closed at GBX 59.82 ($0.80).
Analysts Set New Price Targets
ITM has been the subject of a number of recent research reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of ITM Power in a report on Monday, July 28th. Berenberg Bank raised ITM Power to a "buy" rating and upped their target price for the stock from GBX 59 ($0.78) to GBX 100 ($1.33) in a report on Friday.
Check Out Our Latest Report on ITM Power
ITM Power Trading Up 8.7%
The business has a fifty day simple moving average of GBX 72.78 and a 200-day simple moving average of GBX 46.54. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The firm has a market cap of £405.33 million, a price-to-earnings ratio of -14.88 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.
Further Reading
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