ITM Power (LON:ITM) Stock: Insider Amy Grey Sells 111 Shares

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

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

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

ITM Power Stock Down 1.8%

ITM Power stock opened at GBX 95.80 on Wednesday. The firm has a market cap of £661.21 million, a PE ratio of -19.16 and a beta of 2.85. 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’s 50 day moving average price is GBX 103.95 and its two-hundred day moving average price is GBX 116.64. ITM Power Plc has a twelve month low of GBX 57.90 and a twelve month high of GBX 219.80.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price target on shares of ITM Power from GBX 60 to GBX 80 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, ITM Power currently has an average rating of “Moderate Buy” and an average target price of GBX 5,062.50.

ITM Power Company Profile

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.