Shares of ITM Power Plc (LON:ITM - Get Free Report) rose 22.7% during trading on Wednesday . The stock traded as high as GBX 79.70 ($1.08) and last traded at GBX 78.30 ($1.06). Approximately 15,714,211 shares changed hands during trading, an increase of 283% from the average daily volume of 4,104,912 shares. The stock had previously closed at GBX 63.80 ($0.87).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a "hold" rating and issued a GBX 59 ($0.80) price target on shares of ITM Power in a research report on Thursday, May 8th.
Get Our Latest Analysis on ITM Power
ITM Power Trading Down 9.8%
The company's 50 day simple moving average is GBX 37.44 and its two-hundred day simple moving average is GBX 34.85. The stock has a market cap of £382.62 million, a price-to-earnings ratio of -14.05 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17.
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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