ITM Power Plc (LON:ITM - Get Free Report) shares were up 19.7% on Monday . 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 traded hands during 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).
Analyst Ratings Changes
Separately, Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.79) target price on shares of ITM Power in a research note on Thursday, May 8th.
Get Our Latest Stock Analysis on ITM Power
ITM Power Trading Down 1.7%
The firm has a market cap of £269.50 million, a P/E ratio of -9.89 and a beta of 2.03. The business's 50-day moving average is GBX 30.33 and its two-hundred day moving average is GBX 33.60. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56.
Insider Activity at ITM Power
In related news, insider Amy Grey bought 102,455 shares of the business's stock in a transaction dated Friday, February 28th. The stock was bought at an average price of GBX 29 ($0.39) per share, for a total transaction of £29,711.95 ($39,542.12). Over the last 90 days, insiders acquired 103,503 shares of company stock valued at $3,001,059. Corporate insiders own 48.26% of the company's stock.
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.
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