Simon Bourne Purchases 340 Shares of ITM Power Plc (LON:ITM) Stock

ITM Power Plc (LON:ITM - Get Free Report) insider Simon Bourne bought 340 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were purchased at an average price of GBX 44 ($0.59) per share, for a total transaction of £149.60 ($200.62).

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

• On Tuesday, April 15th, Simon Bourne bought 520 shares of ITM Power stock. The shares were purchased at an average price of GBX 29 ($0.39) per share, for a total transaction of £150.80 ($202.23).
• On Friday, March 14th, Simon Bourne bought 528 shares of ITM Power stock. The shares were purchased at an average price of GBX 28 ($0.38) per share, for a total transaction of £147.84 ($198.26).

ITM Power Price Performance

Shares of ITM Power stock traded up GBX 2.30 ($0.03) on Wednesday, hitting GBX 48.35 ($0.65). 3,548,195 shares of the company traded hands, compared to its average volume of 3,885,039. The stock has a market capitalization of £301.30 million, a P/E ratio of -11.06 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. ITM Power Plc has a 52 week low of GBX 25.08 ($0.34) and a 52 week high of GBX 71.80 ($0.96). The business has a 50-day simple moving average of GBX 31.83 and a 200 day simple moving average of GBX 33.71.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "hold" rating and set a GBX 59 ($0.79) target price 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.