ITM Power Plc (LON:ITM) Insider Andy Allen Acquires 658 Shares of Stock

ITM Power Plc (LON:ITM) insider Andy Allen bought 658 shares of the stock in a transaction on Tuesday, October 15th. The stock was purchased at an average cost of GBX 46 ($0.60) per share, for a total transaction of £302.68 ($395.25).

ITM Power Stock Performance

Shares of ITM Power stock opened at GBX 43.12 ($0.56) on Thursday. ITM Power Plc has a 52 week low of GBX 42.90 ($0.56) and a 52 week high of GBX 74.98 ($0.98). The company has a market capitalization of £265.91 million, a PE ratio of -1,078.00 and a beta of 2.03. The stock’s fifty day moving average is GBX 49.59 and its two-hundred day moving average is GBX 52.09. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73.

Analysts Set New Price Targets

Several research firms recently issued reports on ITM. Berenberg Bank cut their target price on ITM Power from GBX 60 ($0.78) to GBX 59 ($0.77) and set a “hold” rating for the company in a research report on Thursday, August 15th. JPMorgan Chase & Co. downgraded ITM Power to a “neutral” rating and cut their target price for the company from GBX 130 ($1.70) to GBX 90 ($1.18) in a research report on Tuesday, July 9th.

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.