ITM Power Plc (LON:ITM - Get Free Report) was up 19.7% during trading on Tuesday . The company traded as high as GBX 42.85 ($0.57) and last traded at GBX 42.85 ($0.57). Approximately 10,742,647 shares changed hands during mid-day trading, an increase of 175% from the average daily volume of 3,907,366 shares. The stock had previously closed at GBX 35.80 ($0.48).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.78) target price on shares of ITM Power in a research note on Thursday, May 8th.
View Our Latest Analysis on ITM
ITM Power Price Performance
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 firm has a market cap of £269.50 million, a price-to-earnings ratio of -9.89 and a beta of 2.03. The stock's fifty day moving average price is GBX 30.33 and its 200-day moving average price is GBX 33.60.
Insider Activity
In other news, insider Amy Grey purchased 102,455 shares of the business's stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of GBX 29 ($0.39) per share, with a total value of £29,711.95 ($39,468.58). Insiders acquired 103,503 shares of company stock worth $3,001,059 over the last quarter. Corporate insiders own 48.26% of the company's stock.
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.
Further Reading
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