ITM Power Plc (LON:ITM) Insider Simon Bourne Acquires 212 Shares of Stock

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

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

• On Thursday, May 15th, Simon Bourne purchased 340 shares of ITM Power stock. The stock was purchased at an average price of GBX 44 ($0.60) per share, with a total value of £149.60 ($203.01).
• On Tuesday, April 15th, Simon Bourne acquired 520 shares of ITM Power stock. The shares were bought at an average price of GBX 29 ($0.39) per share, with a total value of £150.80 ($204.64).

ITM Power Stock Up 1.1%

Shares of LON:ITM opened at GBX 73.40 ($1.00) on Tuesday. 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 1 year low of GBX 25.08 ($0.34) and a 1 year high of GBX 94.80 ($1.29). The stock has a market capitalization of £457.40 million, a P/E ratio of -16.79 and a beta of 2.03. The stock has a 50-day simple moving average of GBX 44.83 and a 200-day simple moving average of GBX 37.02.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “hold” rating and issued 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.