ITM Power Plc (LON:ITM) Insider Simon Bourne Acquires 405 Shares

ITM Power Plc (LON:ITM) insider Simon Bourne purchased 405 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of GBX 37 ($0.47) per share, for a total transaction of £149.85 ($189.61).

Simon Bourne also recently made the following trade(s):

• On Wednesday, October 30th, Simon Bourne acquired 60,126 shares of ITM Power stock. The stock was purchased at an average price of GBX 42 ($0.53) per share, for a total transaction of £25,252.92 ($31,953.59).

ITM Power Price Performance

Shares of ITM Power stock opened at GBX 34.10 ($0.43) on Thursday. 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 firm has a fifty day moving average price of GBX 43.97 and a two-hundred day moving average price of GBX 49.98. ITM Power Plc has a fifty-two week low of GBX 33.72 ($0.43) and a fifty-two week high of GBX 71.80 ($0.91). The company has a market cap of £210.29 million, a PE ratio of -852.50 and a beta of 2.03.

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price objective on shares of ITM Power from GBX 60 ($0.76) to GBX 59 ($0.75) and set a “hold” rating for the company in a research report on Thursday, August 15th.

About ITM Power

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.