Afarak Group (LON:AFRK) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Afarak Group SE (LON:AFRKGet Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 0 and traded as high as GBX 22.40. Afarak Group shares last traded at GBX 22.40, with a volume of 46,000 shares changing hands.

Afarak Group Stock Up 12.0%

The company has a market cap of £58.55 million, a price-to-earnings ratio of -10.76 and a beta of 0.52. The company has a debt-to-equity ratio of 4.17, a quick ratio of 1.22 and a current ratio of 2.76.

Afarak Group Company Profile

(Get Free Report)

Afarak Group SE extracts, process, markets, and trades specialised metals in Finland, other EU countries, the United States, China, Africa, and internationally. It operates in two segments, FerroAlloys and Speciality Alloys. The Ferro Alloys segment produces chrome from Vlakpoort, Stellite, Mecklenburg, and Zeerust mines. The specialty alloys segment offers low ferrochrome, extra low carbon ferrochrome, and high chrome ferrochrome. It also provides chrome ore, stainless steel alloy, plasma ferrochrome, and silico manganese.

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