Insider Buying: ITM Power Plc (LON:ITM) Insider Buys 405 Shares of Stock

ITM Power Plc (LON:ITM) insider Simon Bourne purchased 405 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was acquired at an average price of GBX 37 ($0.47) per share, with a total value of £149.85 ($189.95).

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

• On Wednesday, October 30th, Simon Bourne purchased 60,126 shares of ITM Power stock. The stock was acquired at an average price of GBX 42 ($0.53) per share, with a total value of £25,252.92 ($32,010.29).

ITM Power Trading Up 2.6 %

Shares of LON ITM opened at GBX 37.20 ($0.47) on Tuesday. ITM Power Plc has a 52-week low of GBX 34.59 ($0.44) and a 52-week high of GBX 71.80 ($0.91). The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17. The firm has a 50 day moving average price of GBX 44.48 and a two-hundred day moving average price of GBX 50.21. The stock has a market cap of £229.40 million, a P/E ratio of -930.00 and a beta of 2.03.

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their price target 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.