AFC Energy (LON:AFC) Shares Cross Below 200 Day Moving Average - Should You Sell?

Key Points

• AFC Energy's share price has fallen below its 200-day moving average, currently trading at GBX 9.58 ($0.13), compared to its moving average of GBX 9.61 ($0.13).
• The company reported a negative earnings per share of GBX (1.19) (($0.02)) and anticipates posting -1.9 EPS for the current fiscal year.
• Insider Gary Bullard purchased 155,657 shares at GBX 10 ($0.13), with insiders now owning 16.21% of the company.

AFC Energy plc (LON:AFC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 9.61 ($0.13) and traded as low as GBX 9.24 ($0.12). AFC Energy shares last traded at GBX 9.58 ($0.13), with a volume of 2,475,961 shares changing hands.

AFC Energy Price Performance

The company's 50-day moving average price is GBX 12.94 and its two-hundred day moving average price is GBX 9.63. The company has a market capitalization of £79.86 million, a P/E ratio of -3.57 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.

AFC Energy (LON:AFC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The company reported GBX (1.19) (($0.02)) 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, sell-side analysts expect that AFC Energy plc will post -1.9 EPS for the current year.

Insider Buying and Selling

In other news, insider Gary Bullard purchased 155,657 shares of the stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of GBX 10 ($0.13) per share, with a total value of £15,565.70 ($20,668.84). 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.