ITM Power Plc (LON:ITM - Get Free Report) shares were up 22.7% during mid-day trading on Wednesday . 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 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).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.80) target price on shares of ITM Power in a research report on Thursday, May 8th.
Check Out Our Latest Stock Analysis on ITM
ITM Power Trading Down 9.8%
The business's 50-day moving average price is GBX 37.44 and its 200-day moving average price is GBX 34.85. 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 capitalization of £382.62 million, a PE ratio of -14.05 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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