ITM Power Plc (LON:ITM) Insider Buys £149.60 in Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz acquired 340 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average price of GBX 44 ($0.59) per share, with a total value of £149.60 ($200.35).

ITM Power Price Performance

LON ITM opened at GBX 46.05 ($0.62) on Wednesday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The stock has a market cap of £286.97 million, a price-to-earnings ratio of -10.53 and a beta of 2.03. The business has a 50 day simple moving average of GBX 31.43 and a 200 day simple moving average of GBX 33.60. ITM Power Plc has a 52-week low of GBX 25.08 ($0.34) and a 52-week high of GBX 71.80 ($0.96).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 59 ($0.79) target price on shares of ITM Power in a research note on Thursday, May 8th.

ITM Power Company Profile

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.