AFC Energy (LON:AFC) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

AFC Energy plc (LON:AFC) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 10.65 ($0.13) and traded as low as GBX 8.89 ($0.11). AFC Energy shares last traded at GBX 9.11 ($0.11), with a volume of 3,522,004 shares changing hands.

AFC Energy Stock Down 3.9 %

The stock has a market capitalization of £77.97 million, a PE ratio of -3.48 and a beta of 2.96. 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 business’s fifty day moving average price is GBX 9.54 and its two-hundred day moving average price is GBX 10.65.

Insider Activity

In other AFC Energy news, insider Gary Bullard bought 200,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of GBX 9 ($0.11) per share, for a total transaction of £18,000 ($22,655.76). Also, insider Karl Bostock bought 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average price of GBX 9 ($0.11) per share, with a total value of £22,500 ($28,319.70). Corporate insiders own 16.21% of the company’s stock.

About AFC Energy

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.