Shares of ITM Power Plc (LON:ITM - Get Free Report) shot up 22.7% on Tuesday . The stock traded as high as GBX 79.70 ($1.08) and last traded at GBX 78.30 ($1.06). 15,714,211 shares traded 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 ($0.86).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 59 ($0.80) price objective on shares of ITM Power in a report on Thursday, May 8th.
View Our Latest Stock Analysis on ITM Power
ITM Power Price Performance
The firm has a market cap of £382.62 million, a P/E ratio of -14.05 and a beta of 2.03. 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's 50 day moving average is GBX 37.44 and its 200 day 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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