ITM Power (LON:ITM) Insider Dennis Schulz Acquires 233 Shares of Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz acquired 233 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average price of GBX 64 per share, with a total value of £149.12.

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

• On Monday, February 16th, Dennis Schulz bought 241 shares of ITM Power stock. The shares were bought at an average price of GBX 62 per share, for a total transaction of £149.42.
• On Thursday, January 15th, Dennis Schulz purchased 227 shares of ITM Power stock. The shares were bought at an average cost of GBX 66 per share, with a total value of £149.82.

ITM Power Stock Performance

ITM Power stock opened at GBX 63.30 on Thursday. ITM Power Plc has a fifty-two week low of GBX 25.20 and a fifty-two week high of GBX 98.45. The company has a market capitalization of £390.03 million, a price-to-earnings ratio of -12.66 and a beta of 2.27. The stock has a fifty day moving average of GBX 63.98 and a two-hundred day moving average of GBX 69.27. The company has a debt-to-equity ratio of 6.99, a quick ratio of 7.56 and a current ratio of 2.62.

ITM Power (LON:ITM) last issued its quarterly earnings data 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 108.00% and a negative return on equity of 14.17%. On average, analysts anticipate that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on ITM shares. UBS Group reaffirmed a “neutral” rating and set a GBX 60 price target on shares of ITM Power in a research note on Friday, January 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 100 price objective on shares of ITM Power in a research report on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, ITM Power currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 91.67.

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.