ITM Power Plc (LON:ITM - Get Free Report) rose 8.2% during trading on Tuesday . The company traded as high as GBX 35 ($0.47) and last traded at GBX 31.23 ($0.42). Approximately 9,660,370 shares traded hands during trading, an increase of 143% from the average daily volume of 3,982,744 shares. The stock had previously closed at GBX 28.85 ($0.38).
ITM Power Stock Up 5.0 %
The firm's 50 day moving average price is GBX 28.67 and its two-hundred day moving average price is GBX 34.45. The firm has a market capitalization of £202.22 million, a PE ratio of -7.42 and a beta of 2.03. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73.
ITM Power (LON:ITM - Get Free Report) last announced 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%. As a group, research analysts forecast that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.
Insider Buying and Selling 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 purchased at an average cost of GBX 29 ($0.39) per share, for a total transaction of £29,711.95 ($39,631.79). Insiders have acquired a total of 103,937 shares of company stock valued at $3,016,249 in the last three months. Corporate 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.
Further Reading
Before you consider ITM Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITM Power wasn't on the list.
While ITM Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
