ITM Power Plc (LON:ITM - Get Free Report) shares rose 14.1% on Friday . The company traded as high as GBX 58.50 ($0.79) and last traded at GBX 56.80 ($0.76). Approximately 9,401,504 shares changed hands during trading, an increase of 141% from the average daily volume of 3,905,325 shares. The stock had previously closed at GBX 49.80 ($0.67).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 59 ($0.79) price objective on shares of ITM Power in a research note on Thursday, May 8th.
Check Out Our Latest Analysis on ITM
ITM Power Price Performance
The business's 50-day moving average price is GBX 34.76 and its 200 day moving average price is GBX 34.08. The company has a market capitalization of £353.96 million, a P/E ratio of -12.99 and a beta of 2.03. 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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