ITM Power Plc (LON:ITM - Get Free Report) insider Amy Grey purchased 102,455 shares of the firm's stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of GBX 29 ($0.37) per share, with a total value of £29,711.95 ($38,288.60).
ITM Power Trading Down 0.7 %
Shares of ITM traded down GBX 0.20 ($0.00) during mid-day trading on Friday, reaching GBX 26.96 ($0.35). The company had a trading volume of 98,491,219 shares, compared to its average volume of 4,863,135. The stock has a market cap of £168.01 million, a price-to-earnings ratio of -6.17 and a beta of 2.03. ITM Power Plc has a fifty-two week low of GBX 26.36 ($0.34) and a fifty-two week high of GBX 71.80 ($0.93). 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 firm has a fifty day simple moving average of GBX 34.63 and a 200-day simple moving average of GBX 39.89.
ITM Power (LON:ITM - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported GBX (4.70) (($0.06)) EPS for the quarter. ITM Power had a negative return on equity of 9.97% and a negative net margin of 164.90%. On average, sell-side analysts anticipate that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on ITM. Jefferies Financial Group restated a "buy" rating and set a GBX 60 ($0.77) target price on shares of ITM Power in a report on Friday, December 6th. Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.76) target price on shares of ITM Power in a research report on Thursday, December 5th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a GBX 70 ($0.90) price objective on shares of ITM Power in a report on Friday, December 6th.
Check Out Our Latest Stock Analysis on ITM
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.
See Also
Before you consider ITM Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITM Power wasn't on the list.
While ITM Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
