ITM Power (LON:ITM) Insider Amy Grey Sells 111 Shares of Company Stock

ITM Power Plc (LON:ITM – Get Free Report) insider Amy Grey sold 111 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of GBX 101, for a total value of £112.11.

Amy Grey also recently made the following trade(s):

  • On Tuesday, September 15th, Amy Grey acquired 152 shares of ITM Power stock. The stock was bought at an average price of GBX 99 per share, with a total value of £150.48.

ITM Power Stock Down 4.2%

ITM Power stock opened at GBX 97.55 on Tuesday. The company has a market capitalization of £673.29 million, a PE ratio of -19.51 and a beta of 2.85. ITM Power Plc has a 12-month low of GBX 57.90 and a 12-month high of GBX 219.80. The firm’s fifty day moving average is GBX 104.07 and its 200 day moving average is GBX 116.41. The company has a quick ratio of 7.56, a current ratio of 2.62 and a debt-to-equity ratio of 6.99.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price objective on shares of ITM Power from GBX 60 to GBX 80 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,062.50.

Check Out Our Latest Stock Analysis on ITM Power

ITM Power Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for ITM Power (LON:ITM)

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