ITM Power (ITM) Shares Up 8.7%

Shares of ITM Power plc (LON:ITM) shot up 8.7% on Tuesday . The stock traded as high as GBX 25.56 ($0.33) and last traded at GBX 25 ($0.33). 783,723 shares were traded during mid-day trading, an increase of 155% from the average session volume of 307,138 shares. The stock had previously closed at GBX 23 ($0.30).

ITM Power (LON:ITM) last posted its quarterly earnings results on Monday, August 13th. The company reported GBX (2.10) (($0.03)) earnings per share for the quarter, missing the consensus estimate of GBX (2) (($0.03)) by GBX (0.10) ($0.00). ITM Power had a negative return on equity of 19.33% and a negative net margin of 145.43%.

ITM Power Company Profile (LON:ITM)

ITM Power plc designs, manufactures, and sells hydrogen energy systems for energy storage and clean fuel production in the United Kingdom. It offers HGas for power-to-gas applications; and HFuel, a self-contained module for refueling hydrogen-powered road vehicles and forklift trucks. The company is also involved in the research and development of scientific and engineering projects; development and manufacture of prototype products; and sale of electrolysis equipment and hydrogen storage solutions.

Further Reading: How Do You Calculate Return on Investment (ROI)?

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