ITM Power Plc (LON:ITM) Insider Amy Grey Buys 102,455 Shares

ITM Power Plc (LON:ITM) insider Amy Grey bought 102,455 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of GBX 29 ($0.37) per share, with a total value of £29,711.95 ($38,009.40).

ITM Power Stock Down 7.1 %

Shares of ITM Power stock opened at GBX 27.28 ($0.35) on Wednesday. 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 12 month low of GBX 27 ($0.35) and a 12 month high of GBX 71.80 ($0.92). The business has a fifty day simple moving average of GBX 34.98 and a 200 day simple moving average of GBX 40.14. The stock has a market cap of £170.00 million, a PE ratio of -6.24 and a beta of 2.03.

ITM Power (LON:ITM) last announced its quarterly earnings data on Friday, January 31st. The company reported GBX (4.70) (($0.06)) EPS for the quarter. ITM Power had a negative return on equity of 9.97% and a negative net margin of 164.90%. Research analysts predict that ITM Power Plc will post -8.9214682 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 60 ($0.77) target price on shares of ITM Power in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 70 ($0.90) price objective on shares of ITM Power in a research note on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 59 ($0.75) price objective on shares of ITM Power in a research note on Thursday, December 5th.

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.