ITM Power Plc (LON:ITM) Insider Purchases £150.10 in Stock

ITM Power Plc (LON:ITM) insider Simon Bourne acquired 190 shares of the business’s stock in a transaction on Tuesday, July 15th. The shares were purchased at an average price of GBX 79 ($1.06) per share, with a total value of £150.10 ($201.42).

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

• On Friday, June 13th, Simon Bourne bought 212 shares of ITM Power stock. The stock was bought at an average cost of GBX 71 ($0.95) per share, for a total transaction of £150.52 ($201.99).
• On Thursday, May 15th, Simon Bourne acquired 340 shares of ITM Power stock. The shares were purchased at an average price of GBX 44 ($0.59) per share, for a total transaction of £149.60 ($200.75).

ITM Power Price Performance

Shares of LON ITM opened at GBX 76.20 ($1.02) on Thursday. ITM Power Plc has a twelve month low of GBX 25.08 ($0.34) and a twelve month high of GBX 98.45 ($1.32). The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The company has a market capitalization of £474.85 million, a price-to-earnings ratio of -17.43 and a beta of 2.03. The firm has a 50-day moving average of GBX 67.47 and a two-hundred day moving average of GBX 44.02.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “hold” rating and set 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.