Shares of ITM Power Plc (LON:ITM - Get Free Report) were up 9.3% on Friday . The company traded as high as GBX 55 ($0.74) and last traded at GBX 54.43 ($0.73). Approximately 5,101,497 shares were traded during trading, an increase of 32% from the average daily volume of 3,863,578 shares. The stock had previously closed at GBX 49.80 ($0.67).
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.79) price objective on shares of ITM Power in a research report on Thursday, May 8th.
Get Our Latest Analysis on ITM Power
ITM Power Trading Up 14.1%
The stock has a fifty day moving average of GBX 34.76 and a 200 day moving average of GBX 34.08. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The company has a market capitalization of £353.96 million, a PE ratio of -12.99 and a beta of 2.03.
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.
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