ITM Power Plc (LON:ITM - Get Free Report) shot up 14.2% during mid-day trading on Friday . The stock traded as high as GBX 75.20 ($1.02) and last traded at GBX 70.11 ($0.95). 13,631,970 shares changed hands during mid-day trading, an increase of 195% from the average session volume of 4,613,650 shares. The stock had previously closed at GBX 61.40 ($0.83).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.80) target price on shares of ITM Power in a research report on Thursday, May 8th.
Read Our Latest Stock Analysis on ITM Power
ITM Power Stock Performance
The stock's 50-day moving average is GBX 40.14 and its 200-day moving average is GBX 35.63. The stock has a market cap of £520.97 million, a price-to-earnings ratio of -19.12 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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