Shares of ITM Power Plc (LON:ITM - Get Free Report) were up 18.4% during trading on Saturday . The stock traded as high as GBX 75.20 ($1.02) and last traded at GBX 72.70 ($0.98). Approximately 13,991,459 shares were traded during trading, an increase of 203% from the average daily volume of 4,618,578 shares. The stock had previously closed at GBX 61.40 ($0.83).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 59 ($0.80) price target on shares of ITM Power in a report on Thursday, May 8th.
View Our Latest Stock Analysis on ITM
ITM Power Stock Down 10.3%
The business has a 50-day moving average of GBX 41.07 and a 200 day moving average of GBX 35.90. The company has a market capitalization of £467.37 million, a PE ratio of -17.16 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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