ITM Power Plc (LON:ITM - Get Free Report) shares traded up 15% on Monday . The stock traded as high as GBX 83.60 ($1.14) and last traded at GBX 83.60 ($1.14). 9,977,290 shares were traded during trading, an increase of 114% from the average session volume of 4,667,740 shares. The stock had previously closed at GBX 72.70 ($0.99).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.80) target price on shares of ITM Power in a research note on Thursday, May 8th.
Get Our Latest Report on ITM Power
ITM Power Stock Down 6.3%
The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The company has a market cap of £456.16 million, a price-to-earnings ratio of -16.75 and a beta of 2.03. The firm's fifty day simple moving average is GBX 43.01 and its 200 day simple moving average is GBX 36.45.
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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