Shares of ITM Power Plc (LON:ITM - Get Free Report) were up 9% during mid-day trading on Thursday . The company traded as high as GBX 77 ($1.04) and last traded at GBX 73.80 ($1.00). Approximately 11,383,650 shares traded hands during mid-day trading, an increase of 147% from the average daily volume of 4,611,828 shares. The stock had previously closed at GBX 67.70 ($0.92).
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Berenberg Bank restated a "buy" rating and set a GBX 100 ($1.35) price target on shares of ITM Power in a research report on Thursday. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of ITM Power in a research note on Monday, July 28th.
Read Our Latest Stock Analysis on ITM
ITM Power Stock Performance
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 stock has a market capitalization of £420.70 million, a P/E ratio of -15.44 and a beta of 2.03. The business has a 50-day moving average price of GBX 74.14 and a 200 day moving average price of GBX 48.31.
ITM Power (LON:ITM - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported GBX (7.40) (($0.10)) 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, sell-side analysts forecast that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.
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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