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AFC Energy (LON:AFC) Shares Cross Below 200 Day Moving Average - Here's Why

AFC Energy logo with Industrials background

AFC Energy plc (LON:AFC - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 8.60 ($0.11) and traded as low as GBX 5.71 ($0.08). AFC Energy shares last traded at GBX 6.27 ($0.08), with a volume of 1,112,624 shares trading hands.

AFC Energy Stock Up 1.6 %

The firm has a market cap of £47.83 million, a price-to-earnings ratio of -2.14 and a beta of 2.96. The company has a debt-to-equity ratio of 2.13, a quick ratio of 12.18 and a current ratio of 4.87. The business's 50-day moving average is GBX 6.77 and its 200-day moving average is GBX 8.51.

AFC Energy (LON:AFC - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported GBX (2.36) (($0.03)) earnings per share (EPS) for the quarter. AFC Energy had a negative return on equity of 71.96% and a negative net margin of 4,502.53%. On average, equities analysts predict that AFC Energy plc will post -1.9 EPS for the current year.

Insider Buying and Selling

In related news, insider Gary Bullard acquired 350,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were purchased at an average price of GBX 6 ($0.08) per share, with a total value of £21,000 ($27,825.63). Also, insider Karl Bostock bought 250,000 shares of AFC Energy stock in a transaction dated Thursday, February 6th. The stock was acquired at an average cost of GBX 9 ($0.12) per share, for a total transaction of £22,500 ($29,813.17). Insiders bought 700,000 shares of company stock worth $4,950,000 in the last quarter. 16.21% of the stock is owned by corporate insiders.

AFC Energy Company Profile

(Get Free Report)

AFC Energy plc is a leading provider of hydrogen fuel cell power systems to generate clean energy in support of the global energy transition. Based in the UK, the Company's scalable systems provide off-grid, zero emission power that are already being deployed for rapid electric vehicle charging and the replacement of diesel generators for temporary power applications.

Further Reading

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