ITM Power Plc (LON:ITM) Insider Acquires £151.05 in Stock

ITM Power Plc (LON:ITM - Get Free Report) insider Andy Allen acquired 285 shares of the company's stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of GBX 53 ($0.66) per share, for a total transaction of £151.05 ($188.04).

ITM Power Trading Up 0.6 %

Shares of LON:ITM traded up GBX 0.30 ($0.00) during midday trading on Tuesday, reaching GBX 51.05 ($0.64). The company's stock had a trading volume of 2,253,643 shares, compared to its average volume of 2,031,917. The firm has a market capitalization of £314.92 million, a price-to-earnings ratio of -510.50 and a beta of 1.77. The company has a debt-to-equity ratio of 2.62, a quick ratio of 7.56 and a current ratio of 4.45. The firm has a 50 day moving average price of GBX 55.57 and a two-hundred day moving average price of GBX 57.95. ITM Power Plc has a fifty-two week low of GBX 42.90 ($0.53) and a fifty-two week high of GBX 99 ($1.23).

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised ITM Power to a "buy" rating in a research note on Monday, February 26th.

About ITM Power

ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. Its product portfolio includes TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a cutting-edge 20 MW module for large-scale projects.