ITM Power (LON:ITM) Insider Dennis Schulz Buys 177 Shares of Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz bought 177 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were acquired at an average cost of GBX 85 per share, with a total value of £150.45.

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

• On Monday, September 15th, Dennis Schulz acquired 235 shares of ITM Power stock. The stock was purchased at an average cost of GBX 64 per share, with a total value of £150.40.
• On Friday, August 15th, Dennis Schulz acquired 224 shares of ITM Power stock. The stock was purchased at an average cost of GBX 67 per share, with a total value of £150.08.

ITM Power Trading Down 4.8%

Shares of ITM Power stock opened at GBX 78.65 on Friday. 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 and a 52 week high of GBX 98.45. The stock has a 50 day moving average price of GBX 71.71 and a two-hundred day moving average price of GBX 61.41. The stock has a market capitalization of £484.62 million, a PE ratio of -1,062.85 and a beta of 2.03.

ITM Power (LON:ITM) last announced its quarterly earnings data on Thursday, August 14th. The company reported GBX (7.40) EPS for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. As a group, equities analysts anticipate that ITM Power Plc will post -8.9214682 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Jefferies Financial Group raised their price objective on ITM Power from GBX 60 to GBX 115 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 100 target price on shares of ITM Power in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of ITM Power in a research report on Monday, July 28th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 95.

About ITM Power

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.