ITM Power Plc (LON:ITM - Get Free Report)'s share price rose 14.1% during mid-day trading on Saturday . The company traded as high as GBX 58.50 ($0.79) and last traded at GBX 56.80 ($0.77). Approximately 9,401,504 shares were traded during mid-day trading, an increase of 141% from the average daily volume of 3,905,325 shares. The stock had previously closed at GBX 49.80 ($0.67).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.80) price target on shares of ITM Power in a research report on Thursday, May 8th.
Read Our Latest Report on ITM
ITM Power Stock Performance
The firm has a market capitalization of £397.58 million, a P/E ratio of -14.59 and a beta of 2.03. The firm has a 50-day moving average price of GBX 34.76 and a two-hundred day moving average price of GBX 34.07. 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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