ITM Power Plc (LON:ITM) Insider Andy Allen Acquires 658 Shares

ITM Power Plc (LON:ITM) insider Andy Allen purchased 658 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of GBX 46 ($0.60) per share, for a total transaction of £302.68 ($395.25).

ITM Power Trading Down 4.3 %

Shares of ITM stock traded down GBX 1.92 ($0.03) during trading hours on Wednesday, reaching GBX 43.12 ($0.56). The company had a trading volume of 3,044,481 shares, compared to its average volume of 2,416,362. The firm has a market cap of £265.91 million, a price-to-earnings ratio of -1,132.00 and a beta of 2.03. ITM Power Plc has a 1-year low of GBX 42.90 ($0.56) and a 1-year high of GBX 74.98 ($0.98). The company has a debt-to-equity ratio of 4.73, a current ratio of 4.17 and a quick ratio of 7.56. The company has a 50 day moving average of GBX 49.77 and a 200 day moving average of GBX 52.15.

Analyst Ratings Changes

ITM has been the topic of a number of analyst reports. Berenberg Bank cut their price target on ITM Power from GBX 60 ($0.78) to GBX 59 ($0.77) and set a “hold” rating on the stock in a research note on Thursday, August 15th. JPMorgan Chase & Co. downgraded ITM Power to a “neutral” rating and cut their price target for the company from GBX 130 ($1.70) to GBX 90 ($1.18) in a research note on Tuesday, July 9th.

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. The company’s product portfolio comprises TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a 20 MW electrolysis process module for large-scale projects.