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

AFC Energy logo with Industrials background

AFC Energy plc (LON:AFC - Get Free Report) 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 ($0.14), with a volume of 1,643,796 shares.

AFC Energy Stock Up 0.3%

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 business's 50 day moving average price is GBX 7.55 and its 200 day moving average price is GBX 8.55. The firm has a market cap of £77.01 million, a PE ratio of -3.44 and a beta of 2.96.

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

Insider Transactions at AFC Energy

In other AFC Energy news, insider Gary Bullard bought 155,657 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of GBX 10 ($0.14) per share, for a total transaction of £15,565.70 ($21,034.73). Also, insider Karl Bostock acquired 193,374 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of GBX 8 ($0.11) per share, for a total transaction of £15,469.92 ($20,905.30). Insiders bought a total of 799,031 shares of company stock worth $5,803,562 over the last ninety days. 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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