ITM Power (ITM) Shares Up 0%

ITM Power plc (LON:ITM)’s share price shot up 0% during mid-day trading on Monday . The company traded as high as GBX 33 ($0.46) and last traded at GBX 31.60 ($0.44). 1,554,080 shares traded hands during mid-day trading, an increase of 406% from the average session volume of 307,138 shares. The stock had previously closed at GBX 31.60 ($0.44).

Separately, Investec reissued a “buy” rating and issued a GBX 67 ($0.93) price objective on shares of ITM Power in a report on Thursday, November 30th.

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The firm has a market capitalization of $106.33 and a price-to-earnings ratio of -1,580.00.

ITM Power (LON:ITM) last issued its quarterly earnings data on Monday, January 29th. The company reported GBX (1) (($0.01)) earnings per share (EPS) for the quarter. ITM Power had a negative return on equity of 19.33% and a negative net margin of 145.43%. The business had revenue of GBX 174 million during the quarter.

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ITM Power Company Profile

ITM Power Plc designs and manufactures integrated hydrogen energy solutions for energy storage and clean fuel production. The Company has a range of product platforms based on Proton Exchange Membrane (PEM) technology. The Company’s product, HGas, is designed for Power-to-Gas applications. HGas accommodates fluctuating power profiles while generating hydrogen at pressures suitable for either direct injection into natural gas networks or through methanation processes without additional compression.

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