ITM Power Plc (LON:ITM - Get Free Report)'s stock price traded up 12.8% during mid-day trading on Friday . The company traded as high as GBX 75.20 ($1.02) and last traded at GBX 69.23 ($0.94). 14,165,928 shares were traded during trading, an increase of 207% from the average session volume of 4,620,193 shares. The stock had previously closed at GBX 61.40 ($0.83).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated 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.
Check Out Our Latest Analysis on ITM Power
ITM Power Price Performance
The stock's fifty day simple moving average is GBX 38.14 and its 200 day simple moving average is GBX 35.02. The firm has a market capitalization of £431.42 million, a P/E ratio of -15.84 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.
About ITM Power
(
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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