ITM Power Plc (LON:ITM - Get Free Report) shares traded up 14.1% on Saturday . The company 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).
Wall Street Analyst Weigh In
Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.79) target price on shares of ITM Power in a report on Thursday, May 8th.
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ITM Power Price Performance
The company has a 50 day moving average price of GBX 34.76 and a 200-day moving average price of GBX 34.07. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The company has a market cap of £397.58 million, a price-to-earnings ratio of -14.59 and a beta of 2.03.
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.
Further Reading
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