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AFC Energy (LON:AFC) Stock Price Down 12.2% - Here's Why

AFC Energy logo with Industrials background

Shares of AFC Energy plc (LON:AFC - Get Free Report) traded down 12.2% during mid-day trading on Wednesday . The stock traded as low as GBX 9.04 ($0.12) and last traded at GBX 9.04 ($0.12). 8,944,895 shares traded hands during mid-day trading, an increase of 231% from the average session volume of 2,698,986 shares. The stock had previously closed at GBX 10.30 ($0.14).

AFC Energy Price Performance

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 £85.57 million, a P/E ratio of -3.82 and a beta of 2.96. The stock's fifty day moving average is GBX 6.70 and its 200-day moving average is GBX 8.44.

AFC Energy (LON:AFC - Get Free Report) last released 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 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 Karl Bostock bought 193,374 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average price of GBX 8 ($0.11) per share, for a total transaction of £15,469.92 ($20,579.91). Also, insider Gary Bullard purchased 100,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was acquired at an average cost of GBX 6 ($0.08) per share, for a total transaction of £6,000 ($7,981.91). Insiders have purchased a total of 799,031 shares of company stock worth $5,803,562 over the last 90 days. 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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