Shares of ITM Power Plc (LON:ITM - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 26.60 ($0.34) and last traded at GBX 27.16 ($0.35), with a volume of 2431195 shares changing hands. The stock had previously closed at GBX 27.98 ($0.36).
Analyst Ratings Changes
A number of analysts have recently weighed in on ITM shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a GBX 70 ($0.90) price target on shares of ITM Power in a report on Friday, December 6th. Jefferies Financial Group restated a "buy" rating and set a GBX 60 ($0.78) target price on shares of ITM Power in a research note on Friday, December 6th. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 59 ($0.76) price target on shares of ITM Power in a research note on Thursday, December 5th.
Check Out Our Latest Stock Report on ITM Power
ITM Power Stock Performance
The firm has a market capitalization of £166.14 million, a price-to-earnings ratio of -6.10 and a beta of 2.03. 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 stock's 50-day moving average is GBX 34.28 and its 200-day moving average is GBX 39.46.
ITM Power (LON:ITM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. On average, analysts predict that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.
Insider Transactions at ITM Power
In related news, insider Amy Grey acquired 102,455 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of GBX 29 ($0.37) per share, for a total transaction of £29,711.95 ($38,407.38). Also, insider Simon Bourne bought 792 shares of ITM Power stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average price of GBX 38 ($0.49) per share, for a total transaction of £300.96 ($389.04). Over the last three months, insiders have bought 104,089 shares of company stock worth $3,031,577. Insiders own 48.26% of the company's stock.
About ITM Power
(
Get Free Report)
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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