Dennis Schulz Acquires 235 Shares of ITM Power (LON:ITM) Stock

Key Points

• Dennis Schulz, an insider at ITM Power, purchased **235 shares** of the company's stock at an average price of **GBX 64** per share recently, continuing a streak of insider buys.
• ITM Power stock has experienced a **3.9% increase**, with a current market capitalization of **£421.70 million** and significant volatility indicated by a beta of **2.03**.
• Analysts have set a consensus price target of **GBX 76.67** for ITM Power, with ratings indicating a **Moderate Buy** sentiment towards the stock.

ITM Power Plc (LON:ITM - Get Free Report) insider Dennis Schulz purchased 235 shares of the business's stock in a transaction on Monday, September 15th. The shares were purchased at an average price of GBX 64 per share, with a total value of £150.40.

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

• On Friday, August 15th, Dennis Schulz purchased 224 shares of ITM Power stock. The stock was acquired at an average cost of GBX 67 per share, for a total transaction of £150.08.
• On Tuesday, July 15th, Dennis Schulz bought 190 shares of ITM Power stock. The shares were bought at an average cost of GBX 79 per share, for a total transaction of £150.10.

ITM Power Stock Up 7.2%

Shares of ITM stock traded up GBX 5.09 during mid-day trading on Monday, hitting GBX 76.20. The stock had a trading volume of 5,617,860 shares, compared to its average volume of 4,337,438. 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 firm has a market capitalization of £469.52 million, a P/E ratio of -1,029.73 and a beta of 2.03. ITM Power Plc has a 12-month low of GBX 25.08 and a 12-month high of GBX 98.45. The firm's 50-day moving average is GBX 66.76 and its two-hundred day moving average is GBX 54.53.

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

Wall Street Analyst Weigh In

ITM has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of ITM Power in a research note on Monday, July 28th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 100 price target on shares of ITM Power in a research note on Thursday, August 14th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 76.67.

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.