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ITM Power Plc (LON:ITM) Insider Acquires £149.60 in Stock

ITM Power logo with Industrials background

ITM Power Plc (LON:ITM - Get Free Report) insider Simon Bourne bought 340 shares of ITM Power stock in a transaction on Thursday, May 15th. The stock was acquired at an average price of GBX 44 ($0.60) per share, for a total transaction of £149.60 ($202.52).

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

  • On Tuesday, April 15th, Simon Bourne acquired 520 shares of ITM Power stock. The stock was bought at an average price of GBX 29 ($0.39) per share, for a total transaction of £150.80 ($204.14).
  • On Friday, March 14th, Simon Bourne acquired 528 shares of ITM Power stock. The stock was bought at an average price of GBX 28 ($0.38) per share, for a total transaction of £147.84 ($200.14).

ITM Power Trading Down 2.6%

LON:ITM traded down GBX 1.25 ($0.02) 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. The firm has a market capitalization of £286.34 million, a price-to-earnings ratio of -10.51 and a beta of 2.03. ITM Power Plc has a 52-week low of GBX 25.08 ($0.34) and a 52-week high of GBX 71.80 ($0.97). The company has a quick ratio of 7.56, a current ratio of 4.17 and a debt-to-equity ratio of 4.73. The business has a fifty day moving average of GBX 32.50 and a 200-day moving average of GBX 33.71.

Analyst Ratings Changes

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

Read Our Latest Report on ITM Power

About ITM Power

(Get Free Report)

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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