Simon Bourne Buys 60,126 Shares of ITM Power Plc (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Simon Bourne bought 60,126 shares of ITM Power stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of GBX 42 ($0.54) per share, for a total transaction of £25,252.92 ($32,749.22).

ITM Power Price Performance

ITM Power stock opened at GBX 42 ($0.54) on Friday. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of £259.01 million, a P/E ratio of -1,054.50 and a beta of 2.03. The business has a 50-day moving average of GBX 47.13 and a 200-day moving average of GBX 51.20. ITM Power Plc has a 1 year low of GBX 37.16 ($0.48) and a 1 year high of GBX 71.80 ($0.93).

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ITM shares. JPMorgan Chase & Co. cut shares of ITM Power to a “neutral” rating and reduced their price objective for the company from GBX 130 ($1.69) to GBX 90 ($1.17) in a research note on Tuesday, July 9th. Berenberg Bank cut their price target on ITM Power from GBX 60 ($0.78) to GBX 59 ($0.77) and set a “hold” rating on the stock in a research note on Thursday, August 15th.

ITM Power Company Profile

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.