Shares of ITM Power Plc (LON:ITM - Get Free Report) rose 18.4% during mid-day trading on Friday . The company traded as high as GBX 75.20 ($1.02) and last traded at GBX 72.70 ($0.99). Approximately 13,991,459 shares changed hands during trading, an increase of 203% from the average daily volume of 4,618,578 shares. The stock had previously closed at GBX 61.40 ($0.83).
Analyst Ratings Changes
Separately, Berenberg Bank restated a "hold" rating and issued a GBX 59 ($0.80) price target on shares of ITM Power in a research report on Thursday, May 8th.
View Our Latest Research Report on ITM
ITM Power Stock Performance
The firm has a market cap of £453.04 million, a PE ratio of -16.63 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The stock has a 50-day moving average price of GBX 38.14 and a 200 day moving average price of GBX 35.02.
ITM Power Company Profile
(
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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.
Further Reading
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