Dennis Schulz Acquires 212 Shares of ITM Power Plc (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz acquired 212 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average price of GBX 71 ($0.95) per share, with a total value of £150.52 ($201.99).

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

• On Thursday, May 15th, Dennis Schulz purchased 340 shares of ITM Power stock. The shares were purchased at an average cost of GBX 44 ($0.59) per share, for a total transaction of £149.60 ($200.75).

ITM Power Trading Down 0.5%

LON ITM opened at GBX 81.80 ($1.10) on Thursday. The company has a market cap of £509.75 million, a P/E ratio of -18.71 and a beta of 2.03. ITM Power Plc has a 12 month low of GBX 25.08 ($0.34) and a 12 month high of GBX 94.80 ($1.27). 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 company has a 50-day moving average of GBX 46.97 and a 200-day moving average of GBX 37.64.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 59 ($0.79) price target on shares of ITM Power in a report on Thursday, May 8th.

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.