AFC Energy (LON:AFC) Stock Passes Below Two Hundred Day Moving Average - Here's Why

AFC Energy plc (LON:AFC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 13.20 ($0.16) and traded as low as GBX 9.20 ($0.11). AFC Energy shares last traded at GBX 9.20 ($0.11), with a volume of 3,007,928 shares trading hands.

AFC Energy Trading Down 6.5 %

The firm's 50 day moving average is GBX 9.40 and its 200 day moving average is GBX 13.09. The company has a debt-to-equity ratio of 2.13, a current ratio of 4.87 and a quick ratio of 12.18. The company has a market cap of £73.47 million, a PE ratio of -286.67 and a beta of 2.96.

Insider Activity

In related news, insider Gary Bullard bought 200,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of GBX 9 ($0.11) per share, with a total value of £18,000 ($22,497.19). Company insiders own 16.21% of the company's stock.

About AFC Energy

AFC Energy plc engages in the development of fuel cell and fuel processing technology and equipment in the United Kingdom. The company provides air cooled and liquid cooled fuel cells, including H-Power Tower, a S series fuel cell generator, and L series fuel cell generators. It is developing H-power generator S series fuel cell, a modular compact; H-power generator S+ series fuel cell diesel generator alternative; ammonia cracker, a technology to convert ammonia into hydrogen; and methanol fuel tower, a technology solution for conversion of carrier fuel methanol into hydrogen.