ITM Power Plc (LON:ITM) Insider Simon Bourne Buys 528 Shares

ITM Power Plc (LON:ITM) insider Simon Bourne acquired 528 shares of the business’s stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of GBX 28 ($0.36) per share, with a total value of £147.84 ($191.11).

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

• On Wednesday, January 15th, Simon Bourne purchased 792 shares of ITM Power stock. The shares were purchased at an average cost of GBX 38 ($0.49) per share, with a total value of £300.96 ($389.04).

ITM Power Price Performance

Shares of LON:ITM opened at GBX 28.36 ($0.37) on Monday. The company has a market cap of £176.73 million, a price-to-earnings ratio of -6.49 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The firm has a 50 day simple moving average of GBX 33.41 and a 200 day simple moving average of GBX 38.63. ITM Power Plc has a one year low of GBX 25.08 ($0.32) and a one year high of GBX 71.80 ($0.93).

ITM Power (LON:ITM) last issued its quarterly earnings data on Friday, January 31st. The company reported GBX (4.70) (($0.06)) EPS for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. Research analysts predict that ITM Power Plc will post -8.9214682 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ITM shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 70 ($0.90) price target on shares of ITM Power in a report on Friday, December 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 60 ($0.78) price target on shares of ITM Power in a report on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 59 ($0.76) price target on shares of ITM Power in a report on Thursday, December 5th.

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.