ITM Power Plc (LON:ITM - Get Free Report) shares were up 14.1% on Friday . The stock traded as high as GBX 58.50 ($0.79) and last traded at GBX 56.80 ($0.77). Approximately 9,401,504 shares were traded 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 Ratings Changes
Separately, Berenberg Bank restated a "hold" rating and issued a GBX 59 ($0.80) target price on shares of ITM Power in a report on Thursday, May 8th.
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ITM Power Price Performance
The firm has a 50-day simple moving average of GBX 35.46 and a 200-day simple moving average of GBX 34.27. The firm has a market capitalization of £487.94 million, a PE ratio of -17.91 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.
ITM Power Company Profile
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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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