AFC Energy (LON:AFC) Share Price Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• AFC Energy's stock price has fallen below its 200-day moving average of GBX 9.65, trading as low as GBX 9.37.
• The company reported a negative earnings per share of GBX (1.19) and has a debt-to-equity ratio of 2.13, indicating significant financial leverage.
• Insider Gary Bullard purchased 100,000 shares at an average cost of GBX 9, suggesting confidence in the company's future despite current challenges.

AFC Energy plc (LON:AFC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 9.65 ($0.13) and traded as low as GBX 9.37 ($0.13). AFC Energy shares last traded at GBX 9.83 ($0.13), with a volume of 7,018,808 shares changing hands.

AFC Energy Stock Down 1.1%

The company has a fifty day simple moving average of GBX 12.71 and a 200-day simple moving average of GBX 9.66. 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 market cap of £81.21 million, a P/E ratio of -3.63 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 for the quarter. AFC Energy had a negative return on equity of 71.96% and a negative net margin of 4,502.53%. On average, equities analysts anticipate that AFC Energy plc will post -1.9 earnings per share for the current year.

Insider Buying and Selling at AFC Energy

In other AFC Energy news, insider Gary Bullard acquired 400,000 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of GBX 10 per share, with a total value of £40,000. 16.21% of the stock is currently owned by company insiders.

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.