Insider Selling: ITM Power (LON:ITM) Insider Sells £112.11 in Stock

ITM Power Plc (LON:ITM) insider Amy Grey sold 111 shares of ITM Power stock in a transaction on Thursday, October 1st. The stock was sold at an average price of GBX 101, for a total value of £112.11.

Amy Grey also recently made the following trade(s):

• On Tuesday, September 15th, Amy Grey purchased 152 shares of ITM Power stock. The stock was bought at an average cost of GBX 99 per share, for a total transaction of £150.48.

ITM Power Price Performance

ITM opened at GBX 89.60 on Thursday. ITM Power Plc has a fifty-two week low of GBX 57.90 and a fifty-two week high of GBX 219.80. The firm has a 50-day moving average of GBX 103.78 and a 200 day moving average of GBX 116.83. The company has a debt-to-equity ratio of 6.99, a quick ratio of 7.56 and a current ratio of 2.62. The firm has a market cap of £618.42 million, a P/E ratio of -17.92 and a beta of 2.85.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their price target on shares of ITM Power from GBX 60 to GBX 80 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 5,062.50.

About ITM Power

ITM Power designs and manufactures industrial-scale electrolysers for green hydrogen production. Its proprietary PEM technology, vertically integrated manufacturing, and in-house engineering capabilities enable it to supply standardised, high-performance hydrogen plants.

With a proven track record in large-scale projects, ITM Power helps leading industrial and energy companies achieve their decarbonisation goals. In addition to its equipment offering, the company provides reliable and cost-competitive hydrogen supply through its build, own and operate (BOO) model, Hydropulse.

Headquartered in the UK, ITM Power is listed on the London Stock Exchange AIM (LSE: ITM) and holds the Green Economy Mark, which recognises companies that generate over 50% of their revenues from green products and services.