ITM Power Plc (LON:ITM - Get Free Report) shot up 8.2% on Tuesday . The company traded as high as GBX 35 ($0.47) and last traded at GBX 31.23 ($0.42). 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 Stock Up 5.0 %
The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The stock's 50 day simple moving average is GBX 28.67 and its two-hundred day simple moving average is GBX 34.45. The firm has a market cap of £202.22 million, a P/E ratio of -7.42 and a beta of 2.03.
ITM Power (LON:ITM - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share (EPS) 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 earnings per share for the current year.
Insider Buying and Selling at ITM Power
In other ITM Power news, insider Amy Grey bought 102,455 shares of the business's stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of GBX 29 ($0.39) per share, for a total transaction of £29,711.95 ($39,563.18). In the last ninety days, insiders bought 103,937 shares of company stock worth $3,016,249. 48.26% of the stock is owned by corporate insiders.
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.
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
