ITM Power (LON:ITM – Get Free Report) was downgraded by research analysts at JPMorgan Chase & Co. to a “neutral” rating in a report released on Tuesday, Digital Look reports. They currently have a GBX 90 ($1.15) target price on the stock, down from their previous target price of GBX 130 ($1.67). JPMorgan Chase & Co.‘s target price suggests a potential upside of 60.87% from the stock’s previous close.
ITM Power Stock Down 5.7 %
Shares of LON ITM opened at GBX 55.95 ($0.72) on Tuesday. The company has a quick ratio of 7.56, a current ratio of 4.45 and a debt-to-equity ratio of 2.62. ITM Power has a 52 week low of GBX 42.90 ($0.55) and a 52 week high of GBX 99 ($1.27). The firm has a 50-day moving average price of GBX 53.10 and a 200 day moving average price of GBX 54.14. The stock has a market capitalization of £345.18 million, a price-to-earnings ratio of -561.50 and a beta of 1.78.
Insiders Place Their Bets
In other ITM Power news, insider Dennis Schulz bought 524 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was bought at an average price of GBX 57 ($0.73) per share, for a total transaction of £298.68 ($382.58). Over the last quarter, insiders acquired 1,103 shares of company stock worth $59,967. Insiders own 32.42% of the company’s stock.
ITM Power Company Profile
ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. Its product portfolio includes TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a cutting-edge 20 MW module for large-scale projects.
See Also
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Source: defenseworld.net
