ITM Power Plc (LON:ITM - Get Free Report)'s share price shot up 14.1% on Friday . The stock traded as high as GBX 58.50 ($0.79) and last traded at GBX 56.80 ($0.76). 9,401,504 shares were traded during mid-day trading, an increase of 141% from the average session volume of 3,905,325 shares. The stock had previously closed at GBX 49.80 ($0.67).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.79) price objective on shares of ITM Power in a research note on Thursday, May 8th.
View Our Latest Report on ITM Power
ITM Power Trading Up 14.1%
The stock has a market cap of £353.96 million, a price-to-earnings ratio of -12.99 and a beta of 2.03. The firm's 50 day moving average is GBX 34.76 and its two-hundred day moving average is GBX 34.08. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73.
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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