AFC Energy (LON:AFC) Sets New 12-Month Low – Should You Sell?

Shares of AFC Energy plc (LON:AFC) reached a new 52-week low on Monday . The company traded as low as GBX 5 ($0.06) and last traded at GBX 5.91 ($0.08), with a volume of 2896111 shares trading hands. The stock had previously closed at GBX 5.81 ($0.07).

AFC Energy Price Performance

The stock has a market cap of £50.92 million, a price-to-earnings ratio of -2.27 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 company has a 50-day simple moving average of GBX 7.36 and a two-hundred day simple moving average of GBX 8.83.

AFC Energy (LON:AFC) last released its quarterly earnings data on Thursday, March 20th. The company reported GBX (2.36) (($0.03)) earnings per share (EPS) for the quarter. AFC Energy had a negative net margin of 4,502.53% and a negative return on equity of 71.96%. As a group, equities research analysts forecast that AFC Energy plc will post -1.9 EPS for the current year.

Insider Transactions at AFC Energy

In other AFC Energy news, insider Gary Bullard bought 100,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were purchased at an average price of GBX 6 ($0.08) per share, for a total transaction of £6,000 ($7,666.75). Also, insider Karl Bostock bought 250,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were acquired at an average cost of GBX 9 ($0.12) per share, for a total transaction of £22,500 ($28,750.32). Insiders bought a total of 700,000 shares of company stock worth $4,950,000 over the last quarter. Company 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.