ITM Power Plc (LON:ITM – Get Free Report) insider Amy Grey purchased 152 shares of the stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average cost of GBX 99 per share, for a total transaction of £150.48.
ITM Power Price Performance
Shares of LON ITM opened at GBX 102.10 on Thursday. The stock has a market cap of £704.70 million, a P/E ratio of -20.42 and a beta of 2.85. The firm’s 50-day simple moving average is GBX 106.28 and its 200 day simple moving average is GBX 112.98. ITM Power Plc has a fifty-two week low of GBX 57.90 and a fifty-two week high of GBX 219.80. The company has a quick ratio of 7.56, a current ratio of 2.62 and a debt-to-equity ratio of 6.99.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. upped their price target on shares of ITM Power from GBX 60 to GBX 80 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,062.50.
ITM Power Company Profile
ITM Power designs and manufactures industrial-scale electrolysers for green hydrogen production. Its proprietary PEM technology, vertically integrated manufacturing, and in-house engineering capabilities enable it to supply standardised, high-performance hydrogen plants.
With a proven track record in large-scale projects, ITM Power helps leading industrial and energy companies achieve their decarbonisation goals. In addition to its equipment offering, the company provides reliable and cost-competitive hydrogen supply through its build, own and operate (BOO) model, Hydropulse.
Headquartered in the UK, ITM Power is listed on the London Stock Exchange AIM (LSE: ITM) and holds the Green Economy Mark, which recognises companies that generate over 50% of their revenues from green products and services.
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