ITM Power Plc (LON:ITM) Insider Simon Bourne Purchases 340 Shares

ITM Power Plc (LON:ITM) insider Simon Bourne bought 340 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average cost of GBX 44 ($0.59) per share, with a total value of £149.60 ($200.35).

Simon Bourne also recently made the following trade(s):

• On Tuesday, April 15th, Simon Bourne acquired 520 shares of ITM Power stock. The shares were bought at an average cost of GBX 29 ($0.39) per share, with a total value of £150.80 ($201.96).
• On Friday, March 14th, Simon Bourne bought 528 shares of ITM Power stock. The shares were bought at an average price of GBX 28 ($0.37) per share, for a total transaction of £147.84 ($197.99).

ITM Power Price Performance

Shares of ITM opened at GBX 46.05 ($0.62) on Wednesday. The business’s fifty day moving average is GBX 31.43 and its 200 day moving average is GBX 33.60. ITM Power Plc has a 12-month low of GBX 25.08 ($0.34) and a 12-month high of GBX 71.80 ($0.96). The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The stock has a market cap of £286.97 million, a P/E ratio of -10.53 and a beta of 2.03.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “hold” rating and set a GBX 59 ($0.79) price objective on shares of ITM Power in a report 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.