Insider Buying: ITM Power Plc (LON:ITM) Insider Purchases £150.80 in Stock

ITM Power Plc (LON:ITM) insider Simon Bourne acquired 520 shares of ITM Power stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of GBX 29 ($0.39) per share, with a total value of £150.80 ($200.51).

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

• On Friday, March 14th, Simon Bourne bought 528 shares of ITM Power stock. The shares were bought at an average price of GBX 28 ($0.37) per share, for a total transaction of £147.84 ($196.57).

ITM Power Stock Performance

Shares of LON ITM opened at GBX 28.85 ($0.38) on Friday. The business’s 50-day simple moving average is GBX 28.91 and its 200-day simple moving average is GBX 34.85. 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 Plc has a 52 week low of GBX 25.08 ($0.33) and a 52 week high of GBX 71.80 ($0.95). The firm has a market cap of £179.78 million, a price-to-earnings ratio of -6.60 and a beta of 2.03.

ITM Power (LON:ITM) last released its quarterly earnings results on Friday, January 31st. The company reported GBX (4.70) (($0.06)) 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 expect that ITM Power Plc will post -8.9214682 earnings per share for the current fiscal year.

About ITM Power

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.