ITM Power Plc (LON:ITM - Get Free Report) shares shot up 12.3% on Monday . The stock traded as high as GBX 67.90 ($0.92) and last traded at GBX 63.80 ($0.86). 13,053,060 shares were traded during trading, an increase of 227% from the average session volume of 3,993,284 shares. The stock had previously closed at GBX 56.80 ($0.77).
Analyst Ratings Changes
Separately, Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.80) price target on shares of ITM Power in a research report on Thursday, May 8th.
View Our Latest Report on ITM
ITM Power Stock Down 9.8%
The company has a market cap of £382.62 million, a P/E ratio of -14.05 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The company's 50-day moving average is GBX 37.44 and its two-hundred day moving average is GBX 34.85.
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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