ITM Power Plc (LON:ITM - Get Free Report)'s share price shot up 8.2% during trading on Wednesday . The stock traded as high as GBX 35 ($0.46) and last traded at GBX 31.23 ($0.41). 9,660,370 shares changed hands during trading, an increase of 143% from the average session volume of 3,982,744 shares. The stock had previously closed at GBX 28.85 ($0.38).
ITM Power Stock Performance
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 company has a market cap of £201.14 million, a price-to-earnings ratio of -7.38 and a beta of 2.03. The stock has a 50 day moving average price of GBX 28.74 and a two-hundred day moving average price of GBX 34.58.
ITM Power (LON:ITM - Get Free Report) last released its 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 net margin of 164.90% and a negative return on equity of 9.97%. Analysts predict that ITM Power Plc will post -8.9214682 EPS for the current year.
Insider Buying and Selling
In other ITM Power news, insider Amy Grey acquired 102,455 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of GBX 29 ($0.38) per share, with a total value of £29,711.95 ($39,369.22). Insiders have bought 103,937 shares of company stock valued at $3,016,249 in the last 90 days. 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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