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AFC Energy (LON:AFC) Share Price Passes Below 200 Day Moving Average - Here's Why

AFC Energy logo with Industrials background

Key Points

  • AFC Energy's share price fell below its 200-day moving average during trading, closing at GBX 9.15 ($0.12) after hitting a low of GBX 8.91 ($0.12).
  • The company reported a negative net margin of 4,502.53% and has a debt-to-equity ratio of 2.13, indicating significant financial strain.
  • Analysts forecast that AFC Energy will post an earnings per share of -1.9 for the current fiscal year, highlighting ongoing profitability challenges.
  • Need better tools to track AFC Energy? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

AFC Energy plc (LON:AFC - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 9.63 ($0.13) and traded as low as GBX 8.91 ($0.12). AFC Energy shares last traded at GBX 9.15 ($0.12), with a volume of 8,010,181 shares traded.

AFC Energy Stock Performance

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 stock has a fifty day moving average price of GBX 12.99 and a 200-day moving average price of GBX 9.64. The firm has a market capitalization of £76.67 million, a price-to-earnings ratio of -3.43 and a beta of 2.96.

AFC Energy (LON:AFC - Get Free Report) last announced its quarterly earnings data 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, analysts anticipate that AFC Energy plc will post -1.9 earnings per share for the current fiscal year.

Insider Buying and Selling at AFC Energy

In other news, insider Gary Bullard acquired 400,000 shares of AFC Energy stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of GBX 10 ($0.13) per share, with a total value of £40,000 ($53,727.33). 16.21% of the stock is owned by company insiders.

About AFC Energy

(Get Free Report)

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.

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