ITM Power Plc (LON:ITM) Insider Dennis Schulz Buys 340 Shares

ITM Power Plc (LON:ITM - Get Free Report) insider Dennis Schulz purchased 340 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were acquired at an average cost of GBX 44 ($0.60) per share, with a total value of £149.60 ($202.52).

ITM Power Stock Down 2.6%

LON ITM traded down GBX 1.25 ($0.02) during trading on Friday, reaching GBX 45.95 ($0.62). 2,075,774 shares of the company's stock were exchanged, compared to its average volume of 3,877,223. ITM Power Plc has a 1 year low of GBX 25.08 ($0.34) and a 1 year high of GBX 71.80 ($0.97). The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The stock has a market cap of £286.34 million, a P/E ratio of -10.51 and a beta of 2.03. The company has a 50 day moving average price of GBX 32.50 and a two-hundred day moving average price of GBX 33.71.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 59 ($0.80) price target on shares of ITM Power in a report on Thursday, May 8th.

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.