ITM Power Plc (LON:ITM) Insider Acquires £151.90 in Stock

ITM Power Plc (LON:ITM - Get Free Report) insider Dennis Schulz bought 434 shares of the stock in a transaction on Friday, February 14th. The shares were acquired at an average cost of GBX 35 ($0.44) per share, for a total transaction of £151.90 ($192.47).

ITM Power Trading Down 1.8 %

LON ITM traded down GBX 0.58 ($0.01) during trading hours on Friday, reaching GBX 32.28 ($0.41). The company had a trading volume of 3,346,483 shares, compared to its average volume of 2,893,505. The stock has a 50-day moving average of GBX 35.59 and a 200 day moving average of GBX 41.49. ITM Power Plc has a 1-year low of GBX 31.06 ($0.39) and a 1-year high of GBX 71.80 ($0.91). 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 stock has a market capitalization of £201.18 million, a P/E ratio of -7.39 and a beta of 2.03.

ITM Power (LON:ITM - Get Free Report) last posted its earnings results on Friday, January 31st. The company reported GBX (4.70) (($0.06)) 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, research analysts anticipate that ITM Power Plc will post -8.9214682 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ITM. Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.75) price target on shares of ITM Power in a research report on Thursday, December 5th. Jefferies Financial Group reissued a "buy" rating and set a GBX 60 ($0.76) price target on shares of ITM Power in a research report on Friday, December 6th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a GBX 70 ($0.89) price target on shares of ITM Power in a research report on Friday, December 6th.

ITM Power Company Profile

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.