ITM Power Plc (LON:ITM - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 50.90 ($0.66) and traded as low as GBX 39.40 ($0.51). ITM Power shares last traded at GBX 39.50 ($0.51), with a volume of 2,159,088 shares.
Analysts Set New Price Targets
Separately, Berenberg Bank lowered their price target on ITM Power from GBX 60 ($0.78) to GBX 59 ($0.77) and set a "hold" rating for the company in a research report on Thursday, August 15th.
View Our Latest Analysis on ITM
ITM Power Price Performance
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 business's 50 day moving average price is GBX 46.10 and its two-hundred day moving average price is GBX 50.82. The stock has a market cap of £246.08 million, a P/E ratio of -1,038.03 and a beta of 2.03.
Insider Buying and Selling at ITM Power
In other news, insider Simon Bourne bought 60,126 shares of the firm's stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average price of GBX 42 ($0.55) per share, with a total value of £25,252.92 ($32,872.85). In related news, insider Andy Allen purchased 658 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average cost of GBX 46 ($0.60) per share, with a total value of £302.68 ($394.01). Also, insider Simon Bourne acquired 60,126 shares of ITM Power stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average cost of GBX 42 ($0.55) per share, with a total value of £25,252.92 ($32,872.85). In the last three months, insiders have bought 61,610 shares of company stock valued at $2,600,696. 48.26% of the stock is currently owned by corporate insiders.
ITM Power Company Profile
(
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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.
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