Shares of ITM Power Plc (LON:ITM - Get Free Report) shot up 8.2% during mid-day 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 traded 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 Price Performance
The business has a fifty day moving average price of GBX 28.74 and a 200-day moving average price of GBX 34.58. The stock has a market capitalization of £201.30 million, a PE ratio of -7.39 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.
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%. Research analysts expect that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.
Insider Transactions at ITM Power
In related news, insider Amy Grey acquired 102,455 shares of ITM Power stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of GBX 29 ($0.38) per share, with a total value of £29,711.95 ($39,369.22). Over the last 90 days, insiders have bought 103,937 shares of company stock worth $3,016,249. Insiders own 48.26% of the company's stock.
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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