ITM Power Plc (LON:ITM) Insider Simon Bourne Purchases 405 Shares of Stock

ITM Power Plc (LON:ITM) insider Simon Bourne purchased 405 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of GBX 37 ($0.47) per share, with a total value of £149.85 ($189.95).

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

• On Wednesday, October 30th, Simon Bourne purchased 60,126 shares of ITM Power stock. The shares were purchased at an average cost of GBX 42 ($0.53) per share, with a total value of £25,252.92 ($32,010.29).

ITM Power Price Performance

ITM stock opened at GBX 37.20 ($0.47) on Tuesday. The company has a 50 day simple moving average of GBX 44.48 and a 200 day simple moving average of GBX 50.21. The stock has a market cap of £229.40 million, a price-to-earnings ratio of -930.00 and a beta of 2.03. ITM Power Plc has a 1 year low of GBX 34.59 ($0.44) and a 1 year high of GBX 71.80 ($0.91). The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price target on shares of ITM Power from GBX 60 ($0.76) to GBX 59 ($0.75) 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. The company’s product portfolio comprises TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a 20 MW electrolysis process module for large-scale projects.