Key Points
- Dennis Schulz, an ITM Power insider, made three small purchases this year—233 shares on Mar 16 at GBX 64, 241 shares on Feb 16 at GBX 62 and 227 shares on Jan 15 at GBX 66—each transaction worth about £149.
- ITM Power is trading down (~2.5%) with negative earnings (quarterly EPS GBX -2.30) and weak margins, yet analysts hold a consensus Moderate Buy rating with a target price of GBX 91.67 and mixed buy/hold coverage.
ITM Power Plc (LON:ITM - Get Free Report) insider Dennis Schulz bought 233 shares of ITM Power stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average price of GBX 64 per share, for a total transaction of £149.12.
Dennis Schulz also recently made the following trade(s):
- On Monday, February 16th, Dennis Schulz purchased 241 shares of ITM Power stock. The stock was acquired at an average cost of GBX 62 per share, for a total transaction of £149.42.
- On Thursday, January 15th, Dennis Schulz purchased 227 shares of ITM Power stock. The stock was acquired at an average price of GBX 66 per share, with a total value of £149.82.
ITM Power Trading Down 2.5%
LON ITM opened at GBX 63.30 on Thursday. The company has a market cap of £390.03 million, a P/E ratio of -12.66 and a beta of 2.27. ITM Power Plc has a 12 month low of GBX 25.20 and a 12 month high of GBX 98.45. The company has a debt-to-equity ratio of 6.99, a current ratio of 2.62 and a quick ratio of 7.56. The company has a 50-day moving average of GBX 63.98 and a 200-day moving average of GBX 69.27.
ITM Power (LON:ITM - Get Free Report) last released its earnings results on Thursday, January 29th. The company reported GBX (2.30) earnings per share (EPS) for the quarter. ITM Power had a negative return on equity of 14.17% and a negative net margin of 108.00%. As a group, equities analysts predict that ITM Power Plc will post -8.9214682 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on ITM shares. UBS Group reiterated a "neutral" rating and issued a GBX 60 price target on shares of ITM Power in a report on Friday, January 16th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 100 target price on shares of ITM Power in a research report on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, ITM Power currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 91.67.
Read Our Latest Stock Report on ITM
About ITM Power
(
Get Free Report)
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.
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