ITM Power Plc (LON:ITM - Get Free Report)'s share price was up 17% during mid-day 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 were traded during 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 Up 5.0 %
The company has a market capitalization of £202.22 million, a price-to-earnings ratio of -7.42 and a beta of 2.03. 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 firm's 50-day moving average price is GBX 28.65 and its 200 day moving average price is GBX 34.34.
ITM Power (LON:ITM - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share for the quarter. ITM Power had a negative return on equity of 9.97% and a negative net margin of 164.90%. On average, sell-side analysts forecast that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.
Insider Activity at ITM Power
In other news, insider Amy Grey acquired 102,455 shares of ITM Power stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of GBX 29 ($0.39) per share, for a total transaction of £29,711.95 ($39,563.18). In the last three months, insiders have purchased 103,937 shares of company stock valued at $3,016,249. 48.26% of the stock is owned by insiders.
About ITM Power
(
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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