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

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)'s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty 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 trading hands.

AFC Energy Stock Up 1.6%

The company has a quick ratio of 12.18, a current ratio of 4.87 and a debt-to-equity ratio of 2.13. The firm has a 50 day simple moving average of GBX 11.78 and a 200-day simple moving average of GBX 9.66. The stock has a market cap of £80.87 million, a P/E ratio of -3.61 and a beta of 2.96.

AFC Energy (LON:AFC - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The company reported GBX (1.19) 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%. On average, equities research analysts forecast that AFC Energy plc will post -1.9 earnings per share for the current fiscal year.

Insider Transactions at AFC Energy

In other AFC Energy news, insider Gary Bullard acquired 100,000 shares of the company's stock in a transaction on Thursday, August 14th. The shares were purchased at an average price of GBX 9 per share, for a total transaction of £9,000. 16.21% of the stock is owned by corporate insiders.

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.