AFC Energy (LON:AFC) Shares Pass Below 50-Day Moving Average - What's Next?

Key Points

• AFC Energy's share price has fallen below its 50-day moving average, trading at GBX 9.69 ($0.13), compared to the average price of GBX 12.20 ($0.16).
• The company reported a significant negative net margin of 4,502.53% and a negative return on equity of 71.96% in its latest earnings results.
• Insider Gary Bullard purchased 400,000 shares of AFC Energy for £40,000, indicating confidence in the company's future despite its current stock performance.

AFC Energy plc (LON:AFC - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 12.20 ($0.16) and traded as low as GBX 9.40 ($0.13). AFC Energy shares last traded at GBX 9.69 ($0.13), with a volume of 1,734,088 shares.

AFC Energy Trading Up 0.5%

The stock has a fifty day moving average of GBX 11.67 and a 200 day moving average of GBX 9.66. 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 company has a market capitalization of £89.52 million, a PE ratio of -413.04 and a beta of 2.96.

AFC Energy (LON:AFC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The company reported GBX (1.19) EPS for the quarter. AFC Energy had a negative return on equity of 71.96% and a negative net margin of 4,502.53%. As a group, sell-side analysts predict 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 Gary Bullard bought 400,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of GBX 10 per share, with a total value of £40,000. Company insiders own 5.15% of the company's stock.

AFC Energy Company Profile

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.