ITM Power Plc (LON:ITM - Get Free Report)'s share price traded up 9% during trading on Thursday . The company traded as high as GBX 77 ($1.04) and last traded at GBX 73.80 ($1.00). 11,383,650 shares changed hands during mid-day trading, an increase of 147% from the average session volume of 4,611,828 shares. The stock had previously closed at GBX 67.70 ($0.92).
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reissued a "neutral" rating on shares of ITM Power in a report on Monday, July 28th. Berenberg Bank restated a "buy" rating and issued a GBX 100 ($1.36) price target on shares of ITM Power in a research report on Thursday.
Get Our Latest Stock Analysis on ITM
ITM Power Trading Down 7.6%
The firm has a market cap of £425.00 million, a PE ratio of -15.60 and a beta of 2.03. The business has a 50-day moving average price of GBX 74.05 and a two-hundred day moving average price of GBX 48.54. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56.
ITM Power (LON:ITM - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported GBX (7.40) (($0.10)) earnings per share for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. Analysts forecast that ITM Power Plc will post -8.9214682 EPS for the current year.
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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