ITM Power Plc (LON:ITM - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 37.73 ($0.49) and traded as low as GBX 25.96 ($0.34). ITM Power shares last traded at GBX 26.82 ($0.35), with a volume of 3,574,053 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a GBX 70 ($0.91) price objective on shares of ITM Power in a research report on Friday, December 6th. Berenberg Bank reissued a "hold" rating and issued a GBX 59 ($0.76) price target on shares of ITM Power in a report on Thursday, December 5th. Finally, Jefferies Financial Group reaffirmed 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.
Read Our Latest Research Report 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 company has a market capitalization of £167.76 million, a P/E ratio of -6.16 and a beta of 2.03. The business's 50-day simple moving average is GBX 31.50 and its 200 day simple moving average is GBX 37.21.
ITM Power (LON:ITM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share (EPS) for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. As a group, sell-side analysts anticipate that ITM Power Plc will post -8.9214682 EPS for the current year.
Insider Activity at ITM Power
In other news, insider Amy Grey acquired 102,455 shares of ITM Power stock in a transaction on Friday, February 28th. The stock was bought at an average cost of GBX 29 ($0.38) per share, with a total value of £29,711.95 ($38,457.09). Also, insider Simon Bourne bought 792 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average cost of GBX 38 ($0.49) per share, for a total transaction of £300.96 ($389.54). Insiders acquired a total of 104,209 shares of company stock valued at $3,031,265 over the last ninety days. Insiders own 48.26% of the company's stock.
ITM Power Company Profile
(
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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