ITM Power Plc (LON:ITM - Get Free Report) shares were up 9.6% during trading on Thursday . The company traded as high as GBX 38.52 ($0.48) and last traded at GBX 38.40 ($0.48). Approximately 2,166,149 shares changed hands during trading, a decline of 15% from the average daily volume of 2,535,910 shares. The stock had previously closed at GBX 35.04 ($0.44).
Analyst Ratings Changes
A number of analysts have recently commented on ITM shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a GBX 70 ($0.87) price target on shares of ITM Power in a research note on Friday, December 6th. Berenberg Bank restated a "hold" rating and issued a GBX 59 ($0.73) price objective on shares of ITM Power in a research report on Thursday, December 5th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 60 ($0.75) target price on shares of ITM Power in a report on Friday, December 6th.
View Our Latest Stock Analysis on ITM Power
ITM Power Price Performance
The stock has a market capitalization of £233.67 million, a price-to-earnings ratio of -947.30 and a beta of 2.03. The company's 50-day simple moving average is GBX 35.60 and its 200-day simple moving average is GBX 43.58. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56.
Insider Buying and Selling
In other news, insider Simon Bourne acquired 792 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of GBX 38 ($0.47) per share, with a total value of £300.96 ($373.77). In the last ninety days, insiders bought 1,605 shares of company stock valued at $60,177. 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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