ITM Power Plc (LON:ITM) Insider Simon Bourne Buys 340 Shares of Stock

ITM Power Plc (LON:ITM) insider Simon Bourne bought 340 shares of the stock in a transaction on Thursday, May 15th. The shares were acquired at an average price of GBX 44 ($0.59) per share, with a total value of £149.60 ($199.81).

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

• On Tuesday, April 15th, Simon Bourne purchased 520 shares of ITM Power stock. The shares were bought at an average price of GBX 29 ($0.39) per share, for a total transaction of £150.80 ($201.42).
• On Friday, March 14th, Simon Bourne acquired 528 shares of ITM Power stock. The shares were bought at an average price of GBX 28 ($0.37) per share, for a total transaction of £147.84 ($197.46).

ITM Power Stock Performance

LON ITM opened at GBX 45.70 ($0.61) on Tuesday. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The stock has a market cap of £284.79 million, a P/E ratio of -10.45 and a beta of 2.03. ITM Power Plc has a twelve month low of GBX 25.08 ($0.33) and a twelve month high of GBX 71.80 ($0.96). The company’s 50-day simple moving average is GBX 31.06 and its 200 day simple moving average is GBX 33.52.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 59 ($0.79) target price on shares of ITM Power in a report on Thursday, May 8th.

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.