Shares of ITM Power Plc (LON:ITM - Get Free Report) traded up 15% during trading on Monday . The stock traded as high as GBX 83.60 ($1.13) and last traded at GBX 83.60 ($1.13). 9,977,290 shares changed hands 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).
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.80) price target on shares of ITM Power in a research report on Thursday, May 8th.
Get Our Latest Research Report on ITM Power
ITM Power Price Performance
The stock has a market capitalization of £520.97 million, a PE ratio of -19.12 and a beta of 2.03. The stock's 50 day moving average is GBX 40.14 and its two-hundred day moving average is GBX 35.63. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17.
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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