ITM Power Plc (LON:ITM) Insider Acquires £150.96 in Stock

ITM Power Plc (LON:ITM) insider Simon Bourne acquired 408 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was bought at an average price of GBX 37 ($0.47) per share, with a total value of £150.96 ($189.79).

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

• On Friday, November 15th, Simon Bourne purchased 405 shares of ITM Power stock. The stock was bought at an average cost of GBX 37 ($0.47) per share, with a total value of £149.85 ($188.40).
• On Wednesday, October 30th, Simon Bourne bought 60,126 shares of ITM Power stock. The stock was purchased at an average cost of GBX 42 ($0.53) per share, with a total value of £25,252.92 ($31,748.71).

ITM Power Stock Performance

Shares of ITM opened at GBX 34.80 ($0.44) on Thursday. The company has a market cap of £214.60 million, a price-to-earnings ratio of -870.00 and a beta of 2.03. The business’s fifty day simple moving average is GBX 38.47 and its two-hundred day simple moving average is GBX 47.23. ITM Power Plc has a 12 month low of GBX 32.20 ($0.40) and a 12 month high of GBX 71.80 ($0.90). The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 59 ($0.74) target price on shares of ITM Power in a research report on Thursday, December 5th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 70 ($0.88) price objective on shares of ITM Power in a report on Friday, December 6th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 60 ($0.75) price target on shares of ITM Power in a research report on Friday, December 6th.

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.