ITM Power Plc (LON:ITM – Get Free Report) insider Amy Grey bought 152 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was bought at an average cost of GBX 99 per share, for a total transaction of £150.48.
ITM Power Price Performance
Shares of LON:ITM opened at GBX 103.30 on Friday. ITM Power Plc has a 12 month low of GBX 57.90 and a 12 month high of GBX 219.80. The firm has a market capitalization of £712.98 million, a P/E ratio of -20.66 and a beta of 2.85. The company has a debt-to-equity ratio of 6.99, a current ratio of 2.62 and a quick ratio of 7.56. The company’s fifty day moving average price is GBX 105.74 and its 200 day moving average price is GBX 113.17.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. upped their price objective on ITM Power from GBX 60 to GBX 80 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, ITM Power presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,062.50.
ITM Power Company Profile
ITM Power designs and manufactures industrial-scale electrolysers for green hydrogen production. Its proprietary PEM technology, vertically integrated manufacturing, and in-house engineering capabilities enable it to supply standardised, high-performance hydrogen plants.
With a proven track record in large-scale projects, ITM Power helps leading industrial and energy companies achieve their decarbonisation goals. In addition to its equipment offering, the company provides reliable and cost-competitive hydrogen supply through its build, own and operate (BOO) model, Hydropulse.
Headquartered in the UK, ITM Power is listed on the London Stock Exchange AIM (LSE: ITM) and holds the Green Economy Mark, which recognises companies that generate over 50% of their revenues from green products and services.
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