Insider Buying: ITM Power Plc (LON:ITM) Insider Buys £150.96 in Stock

ITM Power Plc (LON:ITM - Get Free Report) insider Simon Bourne acquired 408 shares of the company's stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of GBX 37 ($0.47) per share, for a total transaction of £150.96 ($191.52).

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

• On Friday, November 15th, Simon Bourne bought 405 shares of ITM Power stock. The stock was acquired at an average cost of GBX 37 ($0.47) per share, for a total transaction of £149.85 ($190.12).
• On Wednesday, October 30th, Simon Bourne purchased 60,126 shares of ITM Power stock. The shares were acquired at an average price of GBX 42 ($0.53) per share, with a total value of £25,252.92 ($32,038.72).

ITM Power Stock Performance

ITM traded down GBX 1.90 ($0.02) during trading on Monday, reaching GBX 33.46 ($0.42). 2,314,210 shares of the company's stock were exchanged, compared to its average volume of 2,550,725. The company has a market capitalization of £206.34 million, a P/E ratio of -836.50 and a beta of 2.03. 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 business has a 50 day moving average price of GBX 39.04 and a 200 day moving average price of GBX 47.53. ITM Power Plc has a fifty-two week low of GBX 32.20 ($0.41) and a fifty-two week high of GBX 71.80 ($0.91).

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ITM. Berenberg Bank restated a "hold" rating and issued a GBX 59 ($0.75) price objective on shares of ITM Power in a research note on Thursday, December 5th. Royal Bank of Canada restated an "outperform" rating and issued a GBX 70 ($0.89) price target on shares of ITM Power in a research report on Friday, December 6th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 60 ($0.76) price objective on shares of ITM Power in a research report on Friday, December 6th.

ITM Power Company Profile

ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. The company's product portfolio comprises TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a 20 MW electrolysis process module for large-scale projects.