ITM Power (LON:ITM) Insider Simon Bourne Purchases 234 Shares

ITM Power Plc (LON:ITM) insider Simon Bourne purchased 234 shares of ITM Power stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average price of GBX 64 per share, for a total transaction of £149.76.

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

• On Monday, February 16th, Simon Bourne acquired 241 shares of ITM Power stock. The stock was bought at an average price of GBX 62 per share, with a total value of £149.42.
• On Thursday, January 15th, Simon Bourne acquired 227 shares of ITM Power stock. The shares were purchased at an average cost of GBX 66 per share, for a total transaction of £149.82.

ITM Power Stock Down 2.5%

Shares of ITM stock traded down GBX 1.60 during midday trading on Wednesday, reaching GBX 63.30. 2,006,151 shares of the stock were exchanged, compared to its average volume of 2,854,889. ITM Power Plc has a 1 year low of GBX 25.20 and a 1 year high of GBX 98.45. The firm has a market cap of £390.03 million, a PE ratio of -12.66 and a beta of 2.27. The company’s 50 day moving average is GBX 64 and its two-hundred day moving average is GBX 69.31. The company has a current ratio of 2.62, a quick ratio of 7.56 and a debt-to-equity ratio of 6.99.

ITM Power (LON:ITM) last released its earnings results on Thursday, January 29th. The company reported GBX (2.30) EPS for the quarter. ITM Power had a negative net margin of 108.00% and a negative return on equity of 14.17%. On average, equities research analysts predict that ITM Power Plc will post -8.9214682 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ITM. UBS Group restated a “neutral” rating and set a GBX 60 target price on shares of ITM Power in a report on Friday, January 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 100 price target on shares of ITM Power in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 91.67.

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.