ITM Power Plc (LON:ITM) Insider Andy Allen Purchases 285 Shares of Stock

ITM Power Plc (LON:ITM) insider Andy Allen bought 285 shares of the business’s stock in a transaction on Monday, April 15th. The stock was purchased at an average price of GBX 53 ($0.66) per share, with a total value of £151.05 ($188.04).

ITM Power Stock Performance

ITM opened at GBX 51.05 ($0.64) on Wednesday. The firm has a market cap of £314.92 million, a PE ratio of -510.50 and a beta of 1.77. The company has a quick ratio of 7.56, a current ratio of 4.45 and a debt-to-equity ratio of 2.62. The business has a fifty day simple moving average of GBX 55.57 and a 200-day simple moving average 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).

Wall Street Analysts Forecast Growth

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

ITM Power Company Profile

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.