Dennis Schulz Acquires 308 Shares of ITM Power Plc (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz acquired 308 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of GBX 49 ($0.65) per share, for a total transaction of £150.92 ($199.37).

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

• On Thursday, August 15th, Dennis Schulz bought 518 shares of ITM Power stock. The stock was acquired at an average cost of GBX 58 ($0.77) per share, with a total value of £300.44 ($396.88).
• On Monday, July 15th, Dennis Schulz acquired 232 shares of ITM Power stock. The stock was acquired at an average cost of GBX 65 ($0.86) per share, with a total value of £150.80 ($199.21).

ITM Power Price Performance

Shares of ITM Power stock opened at GBX 48.70 ($0.64) on Wednesday. The company has a current ratio of 4.17, a quick ratio of 7.56 and a debt-to-equity ratio of 4.73. The firm has a fifty day simple moving average of GBX 52.82 and a 200-day simple moving average of GBX 53.02. The stock has a market capitalization of £300.66 million, a price-to-earnings ratio of -1,217.50 and a beta of 2.03. ITM Power Plc has a 1-year low of GBX 42.90 ($0.57) and a 1-year high of GBX 84.96 ($1.12).

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered ITM Power to a “neutral” rating and cut their target price for the company from GBX 130 ($1.72) to GBX 90 ($1.19) in a report on Tuesday, July 9th. Berenberg Bank cut their price objective on ITM Power from GBX 60 ($0.79) to GBX 59 ($0.78) and set a “hold” rating on the stock in a research note 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. Its product portfolio includes TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a cutting-edge 20 MW module for large-scale projects.