ITM Power Plc (LON:ITM - Get Free Report) shares rose 8.2% on Tuesday . The company traded as high as GBX 35 ($0.47) and last traded at GBX 31.23 ($0.42). Approximately 9,660,370 shares changed hands during mid-day trading, an increase of 143% from the average daily volume of 3,982,744 shares. The stock had previously closed at GBX 28.85 ($0.38).
ITM Power Stock Up 5.0 %
The stock's 50 day simple moving average is GBX 28.65 and its two-hundred day simple moving average is GBX 34.24. The firm has a market cap of £202.22 million, a P/E ratio of -7.42 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.
ITM Power (LON:ITM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. As a group, research analysts forecast that ITM Power Plc will post -8.9214682 earnings per share for the current year.
Insider Activity
In other news, insider Amy Grey purchased 102,455 shares of ITM Power stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of GBX 29 ($0.39) per share, with a total value of £29,711.95 ($39,515.83). Insiders purchased 103,937 shares of company stock worth $3,016,249 over the last three months. 48.26% of the stock is currently owned by corporate insiders.
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.
Further Reading
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