ITM Power Plc (LON:ITM) Insider Amy Grey Purchases 102,455 Shares

ITM Power Plc (LON:ITM) insider Amy Grey acquired 102,455 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of GBX 29 ($0.37) per share, for a total transaction of £29,711.95 ($38,298.47).

ITM Power Stock Performance

ITM opened at GBX 27.98 ($0.36) on Thursday. ITM Power Plc has a twelve month low of GBX 27 ($0.35) and a twelve month high of GBX 71.80 ($0.93). The firm has a market capitalization of £174.36 million, a PE ratio of -6.40 and a beta of 2.03. 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 firm’s 50-day moving average price is GBX 34.80 and its 200 day moving average price is GBX 39.97.

ITM Power (LON:ITM) last released its 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 return on equity of 9.97% and a negative net margin of 164.90%. As a group, sell-side analysts expect that ITM Power Plc will post -8.9214682 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ITM. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 70 ($0.90) price objective on shares of ITM Power in a report on Friday, December 6th. Berenberg Bank reiterated a “hold” rating and set a GBX 59 ($0.76) price target on shares of ITM Power in a research report on Thursday, December 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 60 ($0.77) target price on shares of ITM Power in a research note 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.