ITM Power Plc (LON:ITM - Get Free Report) shares traded up 19.7% during trading on Monday . The company traded as high as GBX 42.85 ($0.56) and last traded at GBX 42.85 ($0.56). 10,742,647 shares changed hands during trading, an increase of 175% from the average session volume of 3,907,366 shares. The stock had previously closed at GBX 35.80 ($0.47).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank restated a "hold" rating and issued a GBX 59 ($0.78) price objective on shares of ITM Power in a research report on Thursday.
Read Our Latest Stock Report on ITM Power
ITM Power Trading Up 19.7%
The business's 50-day moving average is GBX 29 and its two-hundred day moving average is GBX 33.41. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of £267.03 million, a PE ratio of -9.80 and a beta of 2.03.
Insider Activity
In other ITM Power news, insider Amy Grey purchased 102,455 shares of ITM Power stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of GBX 29 ($0.38) per share, with a total value of £29,711.95 ($39,146.18). Over the last quarter, insiders purchased 103,937 shares of company stock worth $3,016,249. 48.26% of the stock is currently owned by corporate insiders.
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.
Further Reading
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