ITM Power Plc (LON:ITM) Insider Buys £149.85 in Stock

ITM Power Plc (LON:ITM - Get Free Report) insider Simon Bourne bought 405 shares of the stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of GBX 37 ($0.47) per share, for a total transaction of £149.85 ($188.85).

Simon Bourne also recently made the following trade(s):

• On Wednesday, October 30th, Simon Bourne acquired 60,126 shares of ITM Power stock. The stock was purchased at an average price of GBX 42 ($0.53) per share, for a total transaction of £25,252.92 ($31,824.73).

ITM Power Trading Up 2.6 %

LON:ITM traded up GBX 0.94 ($0.01) during midday trading on Monday, hitting GBX 37.20 ($0.47). 1,950,868 shares of the company traded hands, compared to its average volume of 2,483,224. The firm's fifty day moving average is GBX 44.73 and its 200-day moving average is GBX 50.30. The firm has a market capitalization of £229.40 million, a P/E ratio of -910.00 and a beta of 2.03. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. ITM Power Plc has a 12-month low of GBX 34.59 ($0.44) and a 12-month high of GBX 71.80 ($0.90).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price target on shares of ITM Power from GBX 60 ($0.76) to GBX 59 ($0.74) and set a "hold" rating on the stock in a research report on Thursday, August 15th.

ITM Power Company Profile

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.