ITM Power Plc (LON:ITM - Get Free Report) shares traded up 12% during trading on Wednesday . The company traded as high as GBX 82.60 ($1.11) and last traded at GBX 82.20 ($1.11). 8,106,771 shares were traded during trading, an increase of 72% from the average session volume of 4,701,834 shares. The stock had previously closed at GBX 73.40 ($0.99).
Analyst Ratings Changes
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.
Read Our Latest Report on ITM Power
ITM Power Stock Performance
The firm has a market cap of £464.26 million, a P/E ratio of -17.04 and a beta of 2.03. The stock's 50 day moving average is GBX 48.92 and its two-hundred day moving average is GBX 38.26. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56.
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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