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AFC Energy (LON:AFC) Stock Price Passes Above Fifty Day Moving Average - Here's Why

AFC Energy logo with Industrials background

AFC Energy plc (LON:AFC - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 6.87 ($0.09) and traded as high as GBX 11.50 ($0.15). AFC Energy shares last traded at GBX 10.58 ($0.14), with a volume of 4,089,560 shares trading hands.

AFC Energy Stock Performance

The firm has a market capitalization of £94.90 million, a price-to-earnings ratio of -4.24 and a beta of 2.96. 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 firm has a 50 day moving average price of GBX 6.87 and a 200-day moving average price of GBX 8.47.

AFC Energy (LON:AFC - Get Free Report) last announced its quarterly earnings data 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%. As a group, sell-side analysts expect that AFC Energy plc will post -1.9 earnings per share for the current fiscal year.

Insider Activity

In other AFC Energy news, insider Gary Bullard purchased 100,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were bought at an average cost of GBX 6 ($0.08) per share, for a total transaction of £6,000 ($7,959.67). Also, insider Karl Bostock purchased 193,374 shares of the business's stock in a transaction on Thursday, May 1st. The stock was acquired at an average price of GBX 8 ($0.11) per share, for a total transaction of £15,469.92 ($20,522.58). Over the last three months, insiders have purchased 799,031 shares of company stock worth $5,803,562. 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.

See Also

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