Dennis Schulz Purchases 224 Shares of ITM Power (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz purchased 224 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was bought at an average cost of GBX 67 per share, for a total transaction of £150.08.

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

• On Tuesday, July 15th, Dennis Schulz purchased 190 shares of ITM Power stock. The stock was bought at an average cost of GBX 79 per share, for a total transaction of £150.10.
• On Friday, June 13th, Dennis Schulz purchased 212 shares of ITM Power stock. The stock was bought at an average cost of GBX 71 per share, for a total transaction of £150.52.

ITM Power Price Performance

ITM Power stock opened at GBX 67.54 on Thursday. The company’s fifty day moving average price is GBX 73.49 and its 200 day moving average price is GBX 49.22. ITM Power Plc has a 1 year low of GBX 25.08 and a 1 year high of GBX 98.45. The stock has a market capitalization of £420.85 million, a P/E ratio of -15.45 and a beta of 2.03. The company has a debt-to-equity ratio of 4.73, a quick ratio of 7.56 and a current ratio of 4.17.

ITM Power (LON:ITM) last released its quarterly earnings results on Thursday, August 14th. The company reported GBX (7.40) earnings per share (EPS) for the quarter. ITM Power had a negative net margin of 164.90% and a negative return on equity of 9.97%. As a group, equities research analysts anticipate that ITM Power Plc will post -8.9214682 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ITM has been the topic of a number of research analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 100 price target on shares of ITM Power in a research note on Thursday, August 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of ITM Power in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, ITM Power has a consensus rating of “Moderate Buy” and an average price target of GBX 76.67.

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.