ITM Power (LON:ITM) Insider Purchases £149.42 in Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz purchased 241 shares of the firm’s stock in a transaction on Monday, February 16th. The shares were acquired at an average price of GBX 62 per share, with a total value of £149.42.

Dennis Schulz also recently made the following trade(s):

• On Thursday, January 15th, Dennis Schulz acquired 227 shares of ITM Power stock. The stock was acquired at an average cost of GBX 66 per share, for a total transaction of £149.82.
• On Tuesday, December 16th, Dennis Schulz acquired 466 shares of ITM Power stock. The shares were acquired at an average price of GBX 64 per share, with a total value of £298.24.

ITM Power Trading Up 0.8%

LON:ITM opened at GBX 64.50 on Friday. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The firm has a 50-day moving average of GBX 64.11 and a 200-day moving average of GBX 69.84. The company has a market cap of £397.43 million, a PE ratio of -12.90 and a beta of 2.03. ITM Power Plc has a one year low of GBX 25.08 and a one year high of GBX 98.45.

ITM Power (LON:ITM) last announced its quarterly earnings results on Thursday, January 29th. The company reported GBX (2.30) 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%. As a group, equities research analysts expect that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.

Analyst Ratings Changes

ITM has been the topic of several analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 100 target price on shares of ITM Power in a research report on Thursday, January 29th. UBS Group reaffirmed a “neutral” rating and set a GBX 60 price objective on shares of ITM Power in a report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 91.67.

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.