Shares of ITM Power Plc (LON:ITM - Get Free Report) rose 7.6% on Tuesday . The stock traded as high as GBX 35 ($0.47) and last traded at GBX 31.05 ($0.41). Approximately 18,552,623 shares changed hands during trading, an increase of 353% from the average daily volume of 4,098,228 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 firm has a market cap of £206.11 million, a price-to-earnings ratio of -7.57 and a beta of 2.03. The stock has a 50-day moving average of GBX 28.67 and a 200-day moving average of GBX 34.45.
ITM Power (LON:ITM - Get Free Report) last posted its quarterly earnings results 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%. As a group, analysts anticipate that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.
Insider Activity
In related news, insider Amy Grey purchased 102,455 shares of the stock in a transaction on Friday, February 28th. The shares were 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 valued at $3,016,249. 48.26% of the stock is owned by company 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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