Insider Buying: ITM Power (LON:ITM) Insider Purchases £149.42 in Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz acquired 241 shares of ITM Power stock in a transaction that occurred on Monday, February 16th. The shares were bought at an average price of GBX 62 per share, with a total value of £149.42.

Dennis Schulz also recently made the following trade(s):

• On Thursday, January 15th, Dennis Schulz bought 227 shares of ITM Power stock. The stock was bought at an average price of GBX 66 per share, for a total transaction of £149.82.
• On Tuesday, December 16th, Dennis Schulz purchased 466 shares of ITM Power stock. The shares were purchased at an average cost of GBX 64 per share, with a total value of £298.24.

ITM Power Stock Down 0.8%

ITM Power stock opened at GBX 66.14 on Wednesday. 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 one year low of GBX 25.08 and a one year high of GBX 98.45. The company has a 50-day simple moving average of GBX 64.03 and a 200-day simple moving average of GBX 69.90. The firm has a market capitalization of £407.51 million, a P/E ratio of -13.23 and a beta of 2.03.

ITM Power (LON:ITM) last posted its earnings results on Thursday, January 29th. The company reported GBX (2.30) earnings per share (EPS) for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. As a group, equities analysts expect that ITM Power Plc will post -8.9214682 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on ITM. UBS Group reaffirmed a “neutral” rating and set a GBX 60 target price on shares of ITM Power in a research note on Friday, January 16th. Berenberg Bank reissued a “buy” rating and set a GBX 100 price target on shares of ITM Power in a report on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, ITM Power has an average rating of “Moderate Buy” and an average price target of GBX 91.67.

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.