ITM Power Plc (LON:ITM - Get Free Report)'s stock price traded up 15% during mid-day trading on Monday . The company traded as high as GBX 83.60 ($1.13) and last traded at GBX 83.60 ($1.13). 9,977,290 shares changed hands during trading, an increase of 114% from the average session volume of 4,667,740 shares. The stock had previously closed at GBX 72.70 ($0.99).
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.80) price objective on shares of ITM Power in a research note on Thursday, May 8th.
Read Our Latest Stock Report on ITM
ITM Power Trading Down 10.3%
The company has a market capitalization of £467.37 million, a price-to-earnings ratio of -17.16 and a beta of 2.03. The business's 50 day moving average price is GBX 40.14 and its two-hundred day moving average price is GBX 35.63. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17.
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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