ITM Power Plc (LON:ITM - Get Free Report) traded up 17.8% during trading on Friday . The stock traded as high as GBX 73.10 ($0.99) and last traded at GBX 72.30 ($0.98). 8,304,426 shares traded hands during mid-day trading, an increase of 82% from the average session volume of 4,565,920 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 issued a GBX 59 ($0.80) price objective on shares of ITM Power in a report on Thursday, May 8th.
Get Our Latest Stock Report on ITM Power
ITM Power Stock Up 16.0%
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 firm has a market capitalization of £443.69 million, a P/E ratio of -16.29 and a beta of 2.03. The company's fifty day simple moving average is GBX 38.14 and its 200 day simple moving average is GBX 35.02.
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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