ITM Power Plc (LON:ITM) Insider Simon Bourne Acquires 212 Shares

ITM Power Plc (LON:ITM - Get Free Report) insider Simon Bourne purchased 212 shares of the firm's stock in a transaction on Friday, June 13th. The stock was bought at an average price of GBX 71 ($0.96) per share, for a total transaction of £150.52 ($202.69).

Simon Bourne also recently made the following trade(s):

• On Thursday, May 15th, Simon Bourne purchased 340 shares of ITM Power stock. The stock was acquired at an average cost of GBX 44 ($0.59) per share, with a total value of £149.60 ($201.45).
• On Tuesday, April 15th, Simon Bourne purchased 520 shares of ITM Power stock. The stock was bought at an average price of GBX 29 ($0.39) per share, with a total value of £150.80 ($203.07).

ITM Power Trading Down 4.6%

LON ITM traded down GBX 3.80 ($0.05) during trading hours on Thursday, hitting GBX 78 ($1.05). 1,864,478 shares of the company were exchanged, compared to its average volume of 4,671,628. The stock has a 50-day moving average price of GBX 47.98 and a 200 day moving average price of GBX 37.95. The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. ITM Power Plc has a 52 week low of GBX 25.08 ($0.34) and a 52 week high of GBX 94.80 ($1.28). The stock has a market cap of £486.07 million, a PE ratio of -17.84 and a beta of 2.03.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "hold" rating and set a GBX 59 ($0.79) price objective on shares of ITM Power in a research note 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.