ITM Power Plc (LON:ITM - Get Free Report) rose 8.2% during trading 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 were traded during 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 firm has a market cap of £202.22 million, a price-to-earnings ratio of -7.42 and a beta of 2.03. The business's 50 day moving average price is GBX 28.65 and its 200 day moving average price is GBX 34.15. 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 (LON:ITM - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share (EPS) for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. On average, equities analysts forecast that ITM Power Plc will post -8.9214682 EPS for the current year.
Insiders Place Their Bets
In other news, insider Amy Grey purchased 102,455 shares of the company's stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of GBX 29 ($0.39) per share, with a total value of £29,711.95 ($39,515.83). Insiders have acquired a total of 103,937 shares of company stock valued at $3,016,249 in the last 90 days. 48.26% of the stock is owned by insiders.
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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