Insider Buying: ITM Power Plc (LON:ITM) Insider Buys 520 Shares of Stock

ITM Power Plc (LON:ITM) insider Simon Bourne acquired 520 shares of the stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of GBX 29 ($0.38) per share, with a total value of £150.80 ($200.08).

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

• On Friday, March 14th, Simon Bourne purchased 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 ($196.15).

ITM Power Stock Up 3.0 %

Shares of ITM opened at GBX 28.85 ($0.38) on Friday. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. ITM Power Plc has a 52-week low of GBX 25.08 ($0.33) and a 52-week high of GBX 71.80 ($0.95). The company has a market cap of £179.78 million, a PE ratio of -6.60 and a beta of 2.03. The business has a fifty day moving average of GBX 29.04 and a 200 day moving average of GBX 35.08.

ITM Power (LON:ITM) last released its earnings results on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share (EPS) for the quarter. ITM Power had a negative return on equity of 9.97% and a negative net margin of 164.90%. On average, sell-side analysts expect that ITM Power Plc will post -8.9214682 EPS for the current year.

About ITM Power

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.