ITM Power Plc (LON:ITM) Insider Dennis Schulz Buys 308 Shares of Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz bought 308 shares of the stock in a transaction dated Friday, September 13th. The shares were acquired at an average price of GBX 49 ($0.65) per share, for a total transaction of £150.92 ($199.37).

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

• On Thursday, August 15th, Dennis Schulz bought 518 shares of ITM Power stock. The shares were acquired at an average price of GBX 58 ($0.77) per share, for a total transaction of £300.44 ($396.88).
• On Monday, July 15th, Dennis Schulz acquired 232 shares of ITM Power stock. The stock was purchased at an average price of GBX 65 ($0.86) per share, for a total transaction of £150.80 ($199.21).

ITM Power Price Performance

ITM Power stock opened at GBX 47.90 ($0.63) on Tuesday. ITM Power Plc has a one year low of GBX 42.90 ($0.57) and a one year high of GBX 84.96 ($1.12). The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The business has a fifty day moving average of GBX 52.82 and a two-hundred day moving average of GBX 53.02. The company has a market cap of £295.72 million, a P/E ratio of -1,197.50 and a beta of 2.03.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ITM shares. JPMorgan Chase & Co. lowered shares of ITM Power to a “neutral” rating and lowered their price objective for the company from GBX 130 ($1.72) to GBX 90 ($1.19) in a research report on Tuesday, July 9th. Berenberg Bank reduced their target price on ITM Power from GBX 60 ($0.79) to GBX 59 ($0.78) and set a “hold” rating for the company in a report on Thursday, August 15th.

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.