ITM Power Plc (LON:ITM - Get Free Report) shares traded up 22.7% during trading on Tuesday . The company traded as high as GBX 79.70 ($1.08) and last traded at GBX 78.30 ($1.06). 15,714,211 shares changed hands during mid-day trading, an increase of 283% from the average session volume of 4,104,912 shares. The stock had previously closed at GBX 63.80 ($0.87).
Analyst Ratings Changes
Separately, Berenberg Bank restated 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.
Check Out Our Latest Stock Analysis on ITM Power
ITM Power Stock Down 9.8%
The company has a market cap of £382.62 million, a PE ratio of -14.05 and a beta of 2.03. The business has a 50-day simple moving average of GBX 37.44 and a 200-day simple moving average of GBX 34.85. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73.
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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