ITM Power (LON:ITM) Shares Down 0.2%

ITM Power Plc (LON:ITM)’s share price traded down 0.2% on Monday . The stock traded as low as GBX 51.40 ($0.66) and last traded at GBX 52.40 ($0.68). 2,993,164 shares traded hands during trading, an increase of 25% from the average session volume of 2,393,320 shares. The stock had previously closed at GBX 52.50 ($0.68).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut ITM Power to a “neutral” rating and lowered their target price for the stock from GBX 130 ($1.68) to GBX 90 ($1.16) in a report on Tuesday, July 9th.

ITM Power Trading Down 0.2 %

The firm has a market capitalization of £323.30 million, a price-to-earnings ratio of -524.00 and a beta of 1.78. The company has a fifty day moving average price of GBX 54.56 and a two-hundred day moving average price of GBX 54.15. The company has a current ratio of 4.45, a quick ratio of 7.56 and a debt-to-equity ratio of 2.62.

Insider Activity at ITM Power

In other ITM Power news, insider Dennis Schulz acquired 524 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were purchased at an average cost of GBX 57 ($0.74) per share, for a total transaction of £298.68 ($386.29). Over the last three months, insiders have acquired 1,050 shares of company stock worth $59,942. Insiders own 32.42% of the company’s stock.

About ITM Power

ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. Its product portfolio includes TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a cutting-edge 20 MW module for large-scale projects.