Shares of ITM Power Plc (LON:ITM - Get Free Report) rose 14.2% 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 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).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a "hold" rating and issued a GBX 59 ($0.80) target price on shares of ITM Power in a research note on Thursday, May 8th.
View Our Latest Report on ITM
ITM Power Trading Up 18.4%
The company has a market cap of £453.04 million, a P/E ratio of -16.63 and a beta of 2.03. The business has a 50 day moving average price of GBX 39.05 and a 200-day moving average price of GBX 35.27. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73.
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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