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AFC Energy (LON:AFC) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

AFC Energy logo with Industrials background

AFC Energy plc (LON:AFC - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 8.60 ($0.12) and traded as high as GBX 13.70 ($0.19). AFC Energy shares last traded at GBX 13.70 ($0.19), with a volume of 9,461,892 shares trading hands.

AFC Energy Trading Down 7.4%

The company has a debt-to-equity ratio of 2.13, a current ratio of 4.87 and a quick ratio of 12.18. The stock has a market capitalization of £136.74 million, a PE ratio of -6.11 and a beta of 2.96. The stock's 50 day simple moving average is GBX 9.03 and its two-hundred day simple moving average is GBX 8.72.

AFC Energy (LON:AFC - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported GBX (2.36) (($0.03)) 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, sell-side analysts expect that AFC Energy plc will post -1.9 EPS for the current year.

Insider Activity

In other AFC Energy news, insider Karl Bostock acquired 193,374 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was bought at an average price of GBX 8 ($0.11) per share, with a total value of £15,469.92 ($20,959.11). Also, insider Gary Bullard acquired 350,000 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was acquired at an average cost of GBX 6 ($0.08) per share, with a total value of £21,000 ($28,451.43). Insiders have acquired a total of 799,031 shares of company stock valued at $5,803,562 over the last quarter. Company insiders own 16.21% of the company's stock.

AFC Energy Company Profile

(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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