ITM Power Plc (LON:ITM – Get Free Report) insider Andy Allen purchased 285 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average price of GBX 53 ($0.66) per share, with a total value of £151.05 ($188.04).
ITM Power Stock Performance
Shares of LON ITM opened at GBX 51.05 ($0.64) on Wednesday. The firm has a 50 day moving average of GBX 55.57 and a 200 day moving average of GBX 57.95. The company has a current ratio of 4.45, a quick ratio of 7.56 and a debt-to-equity ratio of 2.62. The firm has a market capitalization of £314.92 million, a price-to-earnings ratio of -510.50 and a beta of 1.77. ITM Power Plc has a 12-month low of GBX 42.90 ($0.53) and a 12-month high of GBX 99 ($1.23).
Analysts Set New Price Targets
Separately, Jefferies Financial Group raised shares of ITM Power to a “buy” rating in a research report on Monday, February 26th.
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. Its product portfolio includes TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a cutting-edge 20 MW module for large-scale projects.
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