ITM Power Plc (LON:ITM - Get Free Report)'s stock price was up 17% during trading on Tuesday . The company traded as high as GBX 34.80 ($0.46) and last traded at GBX 33.75 ($0.45). Approximately 13,734,112 shares changed hands during mid-day trading, an increase of 240% from the average daily volume of 4,035,649 shares. The stock had previously closed at GBX 28.85 ($0.38).
ITM Power Stock Performance
The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The business's fifty day moving average price is GBX 28.67 and its two-hundred day moving average price is GBX 34.45. The stock has a market capitalization of £206.11 million, a P/E ratio of -7.57 and a beta of 2.03.
ITM Power (LON:ITM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share (EPS) for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. As a group, sell-side analysts forecast that ITM Power Plc will post -8.9214682 earnings per share for the current year.
Insider Activity at ITM Power
In related news, insider Amy Grey bought 102,455 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of GBX 29 ($0.39) per share, with a total value of £29,711.95 ($39,631.79). In the last ninety days, insiders have bought 103,937 shares of company stock worth $3,016,249. Insiders own 48.26% of the company's stock.
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.
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