ITM Power Plc (LON:ITM – Get Free Report)’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 %
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.
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