Dennis Schulz Purchases 190 Shares of ITM Power Plc (LON:ITM) Stock

ITM Power Plc (LON:ITM) insider Dennis Schulz purchased 190 shares of the firm’s stock in a transaction on Tuesday, July 15th. The shares were acquired at an average price of GBX 79 ($1.06) per share, for a total transaction of £150.10 ($201.56).

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

• On Friday, June 13th, Dennis Schulz purchased 212 shares of ITM Power stock. The shares were acquired at an average price of GBX 71 ($0.95) per share, for a total transaction of £150.52 ($202.12).
• On Thursday, May 15th, Dennis Schulz purchased 340 shares of ITM Power stock. The shares were acquired at an average price of GBX 44 ($0.59) per share, for a total transaction of £149.60 ($200.89).

ITM Power Stock Down 2.0%

Shares of LON:ITM opened at GBX 74.70 ($1.00) on Friday. ITM Power Plc has a 52 week low of GBX 25.08 ($0.34) and a 52 week high of GBX 98.45 ($1.32). 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 company’s fifty day moving average is GBX 68.24 and its 200-day moving average is GBX 44.30. The company has a market capitalization of £465.50 million, a PE ratio of -17.09 and a beta of 2.03.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “hold” rating and set a GBX 59 ($0.79) price target on shares of ITM Power in a research note on Thursday, May 8th.

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.