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AFC Energy (LON:AFC) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

AFC Energy logo with Industrials background
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AFC Energy plc (LON:AFC - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 9.81 ($0.13) and traded as low as GBX 6.41 ($0.08). AFC Energy shares last traded at GBX 6.55 ($0.08), with a volume of 2,136,591 shares changing hands.

AFC Energy Stock Performance

The stock's fifty day simple moving average is GBX 8.77 and its two-hundred day simple moving average is GBX 9.81. The company has a market cap of £55.79 million, a price-to-earnings ratio of -2.49 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.

Insider Activity

In other AFC Energy news, insider Karl Bostock bought 250,000 shares of AFC Energy stock in a transaction dated Thursday, February 6th. The stock was bought at an average cost of GBX 9 ($0.12) per share, for a total transaction of £22,500 ($29,145.08). Insiders own 16.21% of the company's stock.

About AFC Energy

(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.

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