ITM Power Plc (LON:ITM - Get Free Report)'s share price rose 18.4% during mid-day trading on Saturday . The company 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 mid-day 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).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 59 ($0.80) target price on shares of ITM Power in a research report on Thursday, May 8th.
View Our Latest Report on ITM Power
ITM Power Price Performance
The company's 50-day moving average is GBX 41.07 and its two-hundred day moving average is GBX 35.90. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The firm has a market cap of £467.37 million, a P/E ratio of -17.16 and a beta of 2.03.
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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