ITM Power Plc (LON:ITM) Insider Buys £147.84 in Stock

ITM Power Plc (LON:ITM) insider Simon Bourne bought 528 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of GBX 28 ($0.36) per share, with a total value of £147.84 ($192.02).

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

• On Wednesday, January 15th, Simon Bourne acquired 792 shares of ITM Power stock. The shares were bought at an average price of GBX 38 ($0.49) per share, for a total transaction of £300.96 ($390.91).

ITM Power Stock Performance

ITM opened at GBX 28.96 ($0.38) on Tuesday. The business has a 50 day moving average of GBX 33.20 and a 200-day moving average of GBX 38.49. ITM Power Plc has a 12-month low of GBX 25.08 ($0.33) and a 12-month high of GBX 71.80 ($0.93). The stock has a market cap of £180.47 million, a price-to-earnings ratio of -6.62 and a beta of 2.03. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73.

ITM Power (LON:ITM) last released its quarterly 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 net margin of 164.90% and a negative return on equity of 9.97%. On average, equities research analysts expect that ITM Power Plc will post -8.9214682 earnings per share for the current year.

Analyst Ratings Changes

ITM has been the topic of a number of recent research reports. Berenberg Bank reissued a “hold” rating and issued a GBX 59 ($0.77) target price on shares of ITM Power in a research report on Thursday, December 5th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 60 ($0.78) price objective on shares of ITM Power in a research report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 70 ($0.91) target price on shares of ITM Power in a research report on Friday, December 6th.

About ITM Power

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.