Dennis Schulz Buys 177 Shares of ITM Power (LON:ITM) Stock

Key Points

• Dennis Schulz, an insider at ITM Power, purchased 177 shares of the company's stock at an average price of GBX 85 on October 15th, bringing his recent acquisitions to a total of 636 shares over the past two months.
• ITM Power shares recently traded down 4.7% and currently have a market capitalization of £484.98 million, with a P/E ratio of -1,063.64.
• Equities analysts have a consensus rating of "Moderate Buy" for ITM Power, with a price target averaging GBX 95, reflecting optimism for the company's future stock performance.

ITM Power Plc (LON:ITM - Get Free Report) insider Dennis Schulz purchased 177 shares of the firm's stock in a transaction on Wednesday, October 15th. The stock was acquired at an average price of GBX 85 per share, with a total value of £150.45.

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

• On Monday, September 15th, Dennis Schulz purchased 235 shares of ITM Power stock. The stock was acquired at an average price of GBX 64 per share, with a total value of £150.40.
• On Friday, August 15th, Dennis Schulz purchased 224 shares of ITM Power stock. The stock was acquired at an average price of GBX 67 per share, with a total value of £150.08.

ITM Power Trading Down 4.7%

Shares of LON ITM opened at GBX 78.71 on Friday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. ITM Power Plc has a 52-week low of GBX 25.08 and a 52-week high of GBX 98.45. The firm has a 50 day moving average price of GBX 71.43 and a two-hundred day moving average price of GBX 61.05. The stock has a market cap of £484.98 million, a P/E ratio of -1,063.64 and a beta of 2.03.

ITM Power (LON:ITM - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported GBX (7.40) earnings per share (EPS) for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. As a group, equities analysts forecast that ITM Power Plc will post -8.9214682 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ITM shares. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of ITM Power in a research report on Monday, July 28th. Berenberg Bank reiterated a "buy" rating and set a GBX 100 price objective on shares of ITM Power in a research report on Thursday, August 14th. Finally, Jefferies Financial Group increased their price objective on shares of ITM Power from GBX 60 to GBX 115 and gave the stock a "buy" rating in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 95.

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.

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