AFC Energy (LON:AFC) Stock Price Passes Above 50 Day Moving Average – Here’s Why

AFC Energy plc (LON:AFC) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 6.55 ($0.09) and traded as high as GBX 6.84 ($0.09). AFC Energy shares last traded at GBX 6.45 ($0.09), with a volume of 1,786,196 shares traded.

AFC Energy Trading Down 0.6 %

The company has a current ratio of 4.87, a quick ratio of 12.18 and a debt-to-equity ratio of 2.13. The firm has a market cap of £55.19 million, a PE ratio of -2.47 and a beta of 2.96. The firm has a fifty day simple moving average of GBX 6.55 and a two-hundred day simple moving average of GBX 8.41.

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%. Equities analysts forecast that AFC Energy plc will post -1.9 EPS for the current year.

Insider Activity

In other AFC Energy news, insider Gary Bullard bought 350,000 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average cost of GBX 6 ($0.08) per share, for a total transaction of £21,000 ($28,214.43). Also, insider Karl Bostock acquired 250,000 shares of AFC Energy stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average cost of GBX 9 ($0.12) per share, for a total transaction of £22,500 ($30,229.75). Insiders have purchased a total of 700,000 shares of company stock worth $4,950,000 over the last quarter. 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.