ITM Power (LON:ITM) Insider Acquires £149.42 in Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz purchased 241 shares of the business’s stock in a transaction that occurred on Monday, February 16th. The stock was acquired at an average price of GBX 62 per share, for a total transaction of £149.42.

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

• On Thursday, January 15th, Dennis Schulz acquired 227 shares of ITM Power stock. The shares were acquired at an average price of GBX 66 per share, with a total value of £149.82.
• On Tuesday, December 16th, Dennis Schulz acquired 466 shares of ITM Power stock. The shares were acquired at an average price of GBX 64 per share, for a total transaction of £298.24.

ITM Power Stock Performance

ITM Power stock opened at GBX 66.14 on Wednesday. The stock has a market cap of £407.51 million, a P/E ratio of -13.23 and a beta of 2.03. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The stock has a 50 day moving average of GBX 64.03 and a 200-day moving average of GBX 69.90. ITM Power Plc has a 52 week low of GBX 25.08 and a 52 week high of GBX 98.45.

ITM Power (LON:ITM) last posted its quarterly earnings results on Thursday, January 29th. The company reported GBX (2.30) earnings per share (EPS) for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. On average, analysts expect that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ITM. UBS Group reissued a “neutral” rating and issued a GBX 60 price objective on shares of ITM Power in a report on Friday, January 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 100 price target on shares of ITM Power in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 91.67.

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.