ITM Power Plc (LON:ITM - Get Free Report)'s share price rose 7.8% during trading on Wednesday . The stock traded as high as GBX 42.48 ($0.55) and last traded at GBX 42.06 ($0.55). Approximately 3,094,487 shares traded hands during trading, an increase of 27% from the average daily volume of 2,433,666 shares. The stock had previously closed at GBX 39 ($0.51).
Analyst Ratings Changes
ITM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered ITM Power to a "neutral" rating and dropped their price target for the stock from GBX 130 ($1.69) to GBX 90 ($1.17) in a report on Tuesday, July 9th. Berenberg Bank lowered their target price on ITM Power from GBX 60 ($0.78) to GBX 59 ($0.77) and set a "hold" rating on the stock in a research note on Thursday, August 15th.
View Our Latest Stock Analysis 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 business's fifty day moving average is GBX 47.13 and its 200 day moving average is GBX 51.20. The company has a market cap of £267.02 million, a P/E ratio of -1,082.50 and a beta of 2.03.
Insider Buying and Selling at ITM Power
In other news, insider Dennis Schulz acquired 518 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of GBX 58 ($0.75) per share, with a total value of £300.44 ($389.63). In other ITM Power news, insider Dennis Schulz bought 518 shares of the stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of GBX 58 ($0.75) per share, with a total value of £300.44 ($389.63). Also, insider Andy Allen purchased 658 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of GBX 46 ($0.60) per share, with a total value of £302.68 ($392.53). Insiders have bought a total of 1,484 shares of company stock worth $75,404 over the last ninety days. 48.26% of the stock is currently owned by company insiders.
About ITM Power
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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.
Further Reading
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