Dennis Schulz Acquires 233 Shares of ITM Power (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz bought 233 shares of ITM Power stock in a transaction on Monday, March 16th. The shares were acquired at an average price of GBX 64 per share, for a total transaction of £149.12.

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

• On Monday, February 16th, Dennis Schulz acquired 241 shares of ITM Power stock. The shares were bought at an average cost of GBX 62 per share, for a total transaction of £149.42.
• On Thursday, January 15th, Dennis Schulz acquired 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.

ITM Power Stock Down 2.5%

LON:ITM traded down GBX 1.60 during midday trading on Wednesday, reaching GBX 63.30. The company had a trading volume of 2,006,151 shares, compared to its average volume of 2,854,889. ITM Power Plc has a 12-month low of GBX 25.20 and a 12-month high of GBX 98.45. The firm has a market capitalization of £390.03 million, a price-to-earnings ratio of -12.66 and a beta of 2.27. The company has a current ratio of 2.62, a quick ratio of 7.56 and a debt-to-equity ratio of 6.99. The stock’s fifty day simple moving average is GBX 64 and its 200-day simple moving average is GBX 69.31.

ITM Power (LON:ITM) last issued its quarterly earnings results on Thursday, January 29th. The company reported GBX (2.30) earnings per share for the quarter. ITM Power had a negative return on equity of 14.17% and a negative net margin of 108.00%. On average, sell-side analysts anticipate that ITM Power Plc will post -8.9214682 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group reaffirmed a “neutral” rating and set a GBX 60 price objective on shares of ITM Power in a research report on Friday, January 16th. Berenberg Bank restated a “buy” rating and issued a GBX 100 price target on shares of ITM Power in a research note on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, ITM Power presently has a consensus rating of “Moderate Buy” and a consensus target price 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.