Dennis Schulz Purchases 212 Shares of ITM Power Plc (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz acquired 212 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of GBX 71 ($0.95) per share, with a total value of £150.52 ($202.07).

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

• On Thursday, May 15th, Dennis Schulz acquired 340 shares of ITM Power stock. The stock was acquired at an average price of GBX 44 ($0.59) per share, with a total value of £149.60 ($200.83).

ITM Power Trading Up 12.0%

Shares of ITM Power stock opened at GBX 82.20 ($1.10) on Wednesday. The stock has a market capitalization of £512.24 million, a P/E ratio of -18.80 and a beta of 2.03. 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 company has a 50-day simple moving average of GBX 45.90 and a 200 day simple moving average of GBX 37.33. ITM Power Plc has a 12-month low of GBX 25.08 ($0.34) and a 12-month high of GBX 94.80 ($1.27).

Analyst Ratings Changes

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 59 ($0.79) price objective on shares of ITM Power in a research note on Thursday, May 8th.

About ITM Power

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.