ITM Power Plc (LON:ITM) Insider Simon Bourne Purchases 528 Shares

ITM Power Plc (LON:ITM) insider Simon Bourne purchased 528 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were bought at an average price of GBX 28 ($0.36) per share, with a total value of £147.84 ($192.32).

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

• On Wednesday, January 15th, Simon Bourne acquired 792 shares of ITM Power stock. The stock was bought at an average price of GBX 38 ($0.49) per share, with a total value of £300.96 ($391.52).

ITM Power Stock Performance

Shares of ITM stock opened at GBX 29.28 ($0.38) on Thursday. The stock’s fifty day simple moving average is GBX 32.82 and its 200-day simple moving average is GBX 38.28. The company has a market capitalization of £182.46 million, a price-to-earnings ratio of -6.70 and a beta of 2.03. ITM Power Plc has a 1-year low of GBX 25.08 ($0.33) and a 1-year high of GBX 71.80 ($0.93). The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73.

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

Wall Street Analyst Weigh In

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

ITM Power Company Profile

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.