Simon Bourne Buys 528 Shares of ITM Power Plc (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Simon Bourne acquired 528 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of GBX 28 ($0.36) per share, with a total value of £147.84 ($192.20).

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

• On Wednesday, January 15th, Simon Bourne purchased 792 shares of ITM Power stock. The shares were acquired at an average price of GBX 38 ($0.49) per share, with a total value of £300.96 ($391.26).

ITM Power Stock Performance

Shares of ITM opened at GBX 29.58 ($0.38) on Wednesday. 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 stock has a 50-day moving average of GBX 33 and a 200-day moving average of GBX 38.35. The company has a market cap of £184.33 million, a PE ratio of -6.77 and a beta of 2.03. ITM Power Plc has a one year low of GBX 25.08 ($0.33) and a one year high of GBX 71.80 ($0.93).

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

Analyst Ratings Changes

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

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.