ITM Power Plc (LON:ITM - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 35.86 ($0.47) and traded as low as GBX 26 ($0.34). ITM Power shares last traded at GBX 28.55 ($0.38), with a volume of 1,578,939 shares trading hands.
ITM Power Trading Up 4.0 %
The firm's 50-day simple moving average is GBX 29.52 and its 200-day simple moving average is GBX 35.33. 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 firm has a market capitalization of £176.67 million, a P/E ratio of -6.49 and a beta of 2.03.
ITM Power (LON:ITM - Get Free Report) last released its earnings results on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share for the quarter. ITM Power had a negative return on equity of 9.97% and a negative net margin of 164.90%. Analysts anticipate that ITM Power Plc will post -8.9214682 EPS for the current year.
Insider Activity
In other ITM Power news, insider Simon Bourne bought 792 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average cost of GBX 38 ($0.50) per share, with a total value of £300.96 ($396.84). Also, insider Amy Grey purchased 102,455 shares of ITM Power stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of GBX 29 ($0.38) per share, for a total transaction of £29,711.95 ($39,177.15). Over the last three months, insiders have purchased 104,209 shares of company stock valued at $3,031,265. 48.26% of the stock is currently owned by insiders.
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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