Shares of ITM Power Plc (LON:ITM - Get Free Report) traded up 12% during trading on Tuesday . The stock traded as high as GBX 82.60 ($1.11) and last traded at GBX 82.20 ($1.11). 8,106,771 shares traded hands during trading, an increase of 72% from the average session volume of 4,701,834 shares. The stock had previously closed at GBX 73.40 ($0.99).
Analyst Ratings Changes
Separately, Berenberg Bank restated a "hold" rating and issued a GBX 59 ($0.79) price objective on shares of ITM Power in a report on Thursday, May 8th.
Get Our Latest Analysis on ITM
ITM Power Stock Performance
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 company has a fifty day moving average price of GBX 47.98 and a 200 day moving average price of GBX 37.95. The stock has a market cap of £464.26 million, a PE ratio of -17.04 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.
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