ITM Power Plc (LON:ITM - Get Free Report)'s stock price traded up 14.1% during trading on Friday . The company traded as high as GBX 58.50 ($0.79) and last traded at GBX 56.80 ($0.76). 9,401,504 shares traded hands 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 Ratings Changes
Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 59 ($0.79) price objective on shares of ITM Power in a report on Thursday, May 8th.
View Our Latest Research Report on ITM Power
ITM Power Trading Up 14.1%
The company has a market cap of £353.96 million, a price-to-earnings ratio of -12.99 and a beta of 2.03. The business has a fifty day simple moving average of GBX 34.76 and a 200 day simple moving average of 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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