ITM Power Plc (LON:ITM) Insider Acquires £150.08 in Stock

Key Points

• ITM Power Plc insider Dennis Schulz purchased 224 shares at an average price of GBX 67, totaling £150.08, marking his continued investment in the company.
• The company's recent earnings report showed a negative EPS of GBX (7.40) and a net margin of -164.90%, indicating ongoing financial challenges.
• Analysts are divided on ITM Power, with JPMorgan maintaining a "neutral" rating, while Berenberg Bank set a target price of GBX 100 and a "buy" rating.

ITM Power Plc (LON:ITM - Get Free Report) insider Dennis Schulz acquired 224 shares of the business's stock in a transaction dated Friday, August 15th. The shares were bought at an average cost of GBX 67 ($0.91) per share, for a total transaction of £150.08 ($203.53).

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

• On Tuesday, July 15th, Dennis Schulz bought 190 shares of ITM Power stock. The stock was acquired at an average price of GBX 79 ($1.07) per share, for a total transaction of £150.10 ($203.55).
• On Friday, June 13th, Dennis Schulz bought 212 shares of ITM Power stock. The stock was acquired at an average price of GBX 71 ($0.96) per share, for a total transaction of £150.52 ($204.12).

ITM Power Trading Up 4.9%

ITM opened at GBX 71.55 ($0.97) on Monday. 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 £445.90 million, a PE ratio of -16.37 and a beta of 2.03. ITM Power Plc has a fifty-two week low of GBX 25.08 ($0.34) and a fifty-two week high of GBX 98.45 ($1.34). The company's 50-day moving average is GBX 74.05 and its 200 day moving average is GBX 48.70.

ITM Power (LON:ITM - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported GBX (7.40) (($0.10)) 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, research analysts predict that ITM Power Plc will post -8.9214682 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ITM has been the topic of a number of analyst reports. JPMorgan Chase & Co. restated a "neutral" rating on shares of ITM Power in a report on Monday, July 28th. Berenberg Bank restated a "buy" rating and issued a GBX 100 ($1.36) target price on shares of ITM Power in a report on Thursday.

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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