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AFC Energy (LON:AFC) Stock 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)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 7.38 ($0.10) and traded as high as GBX 10.50 ($0.14). AFC Energy shares last traded at GBX 10.04 ($0.13), with a volume of 1,643,796 shares.

AFC Energy Price Performance

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 stock has a market cap of £84.91 million, a P/E ratio of -3.79 and a beta of 2.96. The firm's fifty day moving average price is GBX 7.38 and its 200-day moving average price is GBX 8.57.

AFC Energy (LON:AFC - Get Free Report) last issued its 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 return on equity of 71.96% and a negative net margin of 4,502.53%. Analysts forecast that AFC Energy plc will post -1.9 earnings per share for the current year.

Insider Activity at AFC Energy

In related news, insider Karl Bostock purchased 193,374 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average price of GBX 8 ($0.11) per share, for a total transaction of £15,469.92 ($20,764.99). Also, insider Gary Bullard purchased 350,000 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was bought at an average price of GBX 6 ($0.08) per share, for a total transaction of £21,000 ($28,187.92). Insiders have purchased a total of 799,031 shares of company stock worth $5,803,562 over the last quarter. Corporate insiders own 16.21% of the company's stock.

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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