ITM Power Plc (LON:ITM) Insider Dennis Schulz Buys 212 Shares of Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz bought 212 shares of the business’s stock in a transaction dated Friday, June 13th. The shares were bought at an average price of GBX 71 ($0.96) per share, with a total value of £150.52 ($204.26).

Dennis Schulz also recently made the following trade(s):

• On Thursday, May 15th, Dennis Schulz purchased 340 shares of ITM Power stock. The shares were purchased at an average cost of GBX 44 ($0.60) per share, with a total value of £149.60 ($203.01).

ITM Power Price Performance

ITM stock opened at GBX 73.40 ($1.00) on Tuesday. The company has a market capitalization of £457.40 million, a P/E ratio of -16.79 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. ITM Power Plc has a 52-week low of GBX 25.08 ($0.34) and a 52-week high of GBX 94.80 ($1.29). The company has a fifty day moving average price of GBX 44.83 and a 200-day moving average price of GBX 37.02.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “hold” rating and set a GBX 59 ($0.80) price objective on shares of ITM Power in a research 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.