ITM Power Plc (LON:ITM - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 46.67 ($0.59) and traded as low as GBX 34.60 ($0.43). ITM Power shares last traded at GBX 35.38 ($0.44), with a volume of 2,726,189 shares.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a GBX 70 ($0.88) target price on shares of ITM Power in a report on Friday, December 6th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 59 ($0.74) price target on shares of ITM Power in a report on Thursday, December 5th. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 60 ($0.75) price objective on shares of ITM Power in a research note on Friday, December 6th.
Read Our Latest Report on ITM
ITM Power Stock Up 2.3 %
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 company has a market cap of £223.24 million, a price-to-earnings ratio of -905.00 and a beta of 2.03. The business has a 50-day simple moving average of GBX 37.75 and a two-hundred day simple moving average of GBX 46.48.
Insider Buying and Selling
In other news, insider Simon Bourne bought 60,126 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was purchased at an average price of GBX 42 ($0.53) per share, with a total value of £25,252.92 ($31,657.16). Also, insider Andy Allen acquired 658 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average price of GBX 46 ($0.58) per share, for a total transaction of £302.68 ($379.44). In the last ninety days, insiders purchased 61,597 shares of company stock worth $2,585,641. 48.26% of the stock is currently owned by insiders.
About ITM Power
(
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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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