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

Shares of AFC Energy plc (LON:AFC) 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 traded.

AFC Energy Price Performance

The stock has a market cap of £53.65 million, a P/E ratio of -2.40 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 firm has a 50-day moving average price of GBX 6.93 and a 200-day moving average price of GBX 8.58.

AFC Energy (LON:AFC) last posted 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 return on equity of 71.96% and a negative net margin of 4,502.53%. On average, analysts forecast that AFC Energy plc will post -1.9 earnings per share for the current fiscal year.

Insider Activity at AFC Energy

In related news, insider Karl Bostock acquired 250,000 shares of the stock in a transaction on Thursday, February 6th. The stock was acquired at an average price of GBX 9 ($0.12) per share, for a total transaction of £22,500 ($29,916.23). Also, insider Gary Bullard bought 350,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of GBX 6 ($0.08) per share, for a total transaction of £21,000 ($27,921.82). Insiders acquired a total of 700,000 shares of company stock valued at $4,950,000 in the last three months. 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.