ITM Power Plc (LON:ITM - Get Free Report)'s share price traded up 16.7% on Wednesday . The stock traded as high as GBX 92.80 ($1.26) and last traded at GBX 91.35 ($1.24). 10,888,368 shares changed hands during mid-day trading, an increase of 161% from the average session volume of 4,168,907 shares. The stock had previously closed at GBX 78.30 ($1.06).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated 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 Report on ITM Power
ITM Power Price Performance
The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of £382.62 million, a PE ratio of -14.05 and a beta of 2.03. The firm's fifty day simple moving average is GBX 37.44 and its 200-day simple moving average is GBX 34.85.
ITM Power Company Profile
(
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.
See Also
Before you consider ITM Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITM Power wasn't on the list.
While ITM Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
