Shares of ITM Power Plc (LON:ITM - Get Free Report) rose 18.4% during trading on Friday . The stock traded as high as GBX 75.20 ($1.02) and last traded at GBX 72.70 ($0.99). 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).
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 59 ($0.80) target price on shares of ITM Power in a research note on Thursday, May 8th.
Read Our Latest Stock Report on ITM
ITM Power Trading Up 18.4%
The company has a market capitalization of £453.04 million, a PE ratio of -16.63 and a beta of 2.03. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The stock's fifty day moving average price is GBX 38.14 and its two-hundred day moving average price is GBX 35.02.
About ITM Power
(
Get Free Report)
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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