ITM Power Plc (LON:ITM - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 25.08 ($0.32) and last traded at GBX 26.90 ($0.35), with a volume of 3451246 shares trading hands. The stock had previously closed at GBX 25.62 ($0.33).
Analyst Ratings Changes
Several research analysts have commented on ITM shares. Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.76) price target on shares of ITM Power in a research note on Thursday, December 5th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 60 ($0.78) target price on shares of ITM Power in a research report on Friday, December 6th. Finally, Royal Bank of Canada restated an "outperform" rating and set a GBX 70 ($0.91) price target on shares of ITM Power in a research report on Friday, December 6th.
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ITM Power Price Performance
The firm's fifty day moving average price is GBX 33.41 and its 200-day moving average price is GBX 38.71. 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 £176.73 million, a P/E ratio of -6.49 and a beta of 2.03.
ITM Power (LON:ITM - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported GBX (4.70) (($0.06)) EPS for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. Analysts forecast that ITM Power Plc will post -8.9214682 earnings per share for the current year.
Insider Buying and Selling at ITM Power
In related news, insider Simon Bourne purchased 792 shares of ITM Power stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average price of GBX 38 ($0.49) per share, for a total transaction of £300.96 ($389.29). Also, insider Amy Grey acquired 102,455 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average price of GBX 29 ($0.38) per share, with a total value of £29,711.95 ($38,432.22). Insiders acquired 103,681 shares of company stock valued at $3,016,481 in the last 90 days. Insiders own 48.26% of the company's stock.
ITM Power Company Profile
(
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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.
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