Simon Bourne Acquires 241 Shares of ITM Power (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Simon Bourne purchased 241 shares of the business’s stock in a transaction on Monday, February 16th. The shares were acquired at an average price of GBX 62 per share, with a total value of £149.42.

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

• On Thursday, January 15th, Simon Bourne purchased 227 shares of ITM Power stock. The shares were bought at an average price of GBX 66 per share, for a total transaction of £149.82.
• On Tuesday, December 16th, Simon Bourne purchased 466 shares of ITM Power stock. The shares were purchased at an average cost of GBX 64 per share, with a total value of £298.24.

ITM Power Price Performance

ITM stock opened at GBX 64 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’s 50-day moving average price is GBX 64.14 and its two-hundred day moving average price is GBX 69.85. The stock has a market capitalization of £394.35 million, a price-to-earnings ratio of -12.80 and a beta of 2.03. ITM Power Plc has a 12-month low of GBX 25.08 and a 12-month high of GBX 98.45.

ITM Power (LON:ITM) last issued its quarterly earnings data on Thursday, January 29th. The company reported GBX (2.30) 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%. As a group, equities analysts predict that ITM Power Plc will post -8.9214682 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ITM shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 100 price objective on shares of ITM Power in a research report on Thursday, January 29th. UBS Group reaffirmed a “neutral” rating and set a GBX 60 price objective on shares of ITM Power in a research report on Friday, January 16th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 91.67.

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.