ITM Power Plc (LON:ITM) Insider Dennis Schulz Acquires 434 Shares

ITM Power Plc (LON:ITM) insider Dennis Schulz purchased 434 shares of the stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of GBX 35 ($0.44) per share, with a total value of £151.90 ($191.14).

ITM Power Price Performance

Shares of LON ITM opened at GBX 34.70 ($0.44) on Thursday. ITM Power Plc has a twelve month low of GBX 32.20 ($0.41) and a twelve month high of GBX 71.80 ($0.90). 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 company has a market capitalization of £216.24 million, a price-to-earnings ratio of -7.94 and a beta of 2.03. The firm has a 50-day moving average of GBX 35.66 and a two-hundred day moving average of GBX 41.55.

ITM Power (LON:ITM) last issued its quarterly earnings results on Friday, January 31st. The company reported GBX (4.70) (($0.06)) earnings per share 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, analysts expect that ITM Power Plc will post -8.9214682 earnings per share for the current fiscal year.

Analyst Ratings Changes

ITM has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 60 ($0.76) price objective on shares of ITM Power in a report on Friday, December 6th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 59 ($0.74) price objective on shares of ITM Power in a report on Thursday, December 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 70 ($0.88) price objective on shares of ITM Power in a report on Friday, December 6th.

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.