ITM Power Plc (LON:ITM - Get Free Report)'s share price was up 22.7% on Tuesday . The company traded as high as GBX 79.70 ($1.08) and last traded at GBX 78.30 ($1.06). Approximately 15,714,211 shares were traded during mid-day trading, an increase of 283% from the average daily volume of 4,104,912 shares. The stock had previously closed at GBX 63.80 ($0.86).
Analyst Ratings Changes
Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 59 ($0.80) price objective on shares of ITM Power in a research report on Thursday, May 8th.
Check Out Our Latest Research Report on ITM Power
ITM Power Price Performance
The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The company has a market cap of £382.62 million, a PE ratio of -14.05 and a beta of 2.03. The company's 50-day simple moving average is GBX 37.44 and its 200 day simple moving average is GBX 34.85.
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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