Simon Bourne Acquires 190 Shares of ITM Power Plc (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Simon Bourne acquired 190 shares of the firm’s stock in a transaction on Tuesday, July 15th. The shares were acquired at an average price of GBX 79 ($1.06) per share, with a total value of £150.10 ($201.56).

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

• On Friday, June 13th, Simon Bourne acquired 212 shares of ITM Power stock. The shares were acquired at an average price of GBX 71 ($0.95) per share, with a total value of £150.52 ($202.12).
• On Thursday, May 15th, Simon Bourne bought 340 shares of ITM Power stock. The stock was purchased at an average price of GBX 44 ($0.59) per share, with a total value of £149.60 ($200.89).

ITM Power Price Performance

Shares of ITM stock opened at GBX 74.70 ($1.00) on Friday. The company has a market capitalization of £465.50 million, a PE ratio of -17.09 and a beta of 2.03. The firm has a fifty day simple moving average of GBX 68.24 and a 200-day simple moving average of GBX 44.30. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. ITM Power Plc has a twelve month low of GBX 25.08 ($0.34) and a twelve month high of GBX 98.45 ($1.32).

Analysts Set New Price Targets

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

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.