ITM Power Plc (LON:ITM) Insider Simon Bourne Purchases 528 Shares

ITM Power Plc (LON:ITM) insider Simon Bourne bought 528 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of GBX 28 ($0.36) per share, with a total value of £147.84 ($192.02).

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

• On Wednesday, January 15th, Simon Bourne acquired 792 shares of ITM Power stock. The shares were purchased at an average cost of GBX 38 ($0.49) per share, with a total value of £300.96 ($390.91).

ITM Power Stock Performance

Shares of LON:ITM opened at GBX 28.96 ($0.38) on Tuesday. The stock has a market capitalization of £180.47 million, a price-to-earnings ratio of -6.62 and a beta of 2.03. 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 business’s fifty day moving average price is GBX 33.20 and its two-hundred day moving average price is GBX 38.49. ITM Power Plc has a fifty-two week low of GBX 25.08 ($0.33) and a fifty-two week high of GBX 71.80 ($0.93).

ITM Power (LON:ITM) last posted its quarterly earnings data on Friday, January 31st. The company reported GBX (4.70) (($0.06)) EPS for the quarter. ITM Power had a negative return on equity of 9.97% and a negative net margin of 164.90%. As a group, analysts predict that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on ITM. Berenberg Bank reiterated a “hold” rating and issued a GBX 59 ($0.77) price objective on shares of ITM Power in a research note on Thursday, December 5th. Royal Bank of Canada restated an “outperform” rating and set a GBX 70 ($0.91) price objective on shares of ITM Power in a report on Friday, December 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 60 ($0.78) target price on shares of ITM Power in a research note on Friday, December 6th.

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.