AFC Energy (LON:AFC) Shares Cross Below 200-Day Moving Average – Time to Sell?

AFC Energy plc (LON:AFC)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 8.60 ($0.11) and traded as low as GBX 5.71 ($0.08). AFC Energy shares last traded at GBX 6.27 ($0.08), with a volume of 1,112,624 shares traded.

AFC Energy Price Performance

The firm’s 50 day simple moving average is GBX 6.93 and its two-hundred day simple moving average is GBX 8.58. 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 market capitalization of £53.65 million, a P/E ratio of -2.40 and a beta of 2.96.

AFC Energy (LON:AFC) last released its earnings results on Thursday, March 20th. The company reported GBX (2.36) (($0.03)) earnings per share 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, analysts predict that AFC Energy plc will post -1.9 earnings per share for the current year.

Insider Transactions at AFC Energy

In other news, insider Gary Bullard bought 100,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of GBX 6 ($0.08) per share, for a total transaction of £6,000 ($7,977.66). Also, insider Karl Bostock purchased 250,000 shares of AFC Energy stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average price of GBX 9 ($0.12) per share, for a total transaction of £22,500 ($29,916.23). Over the last 90 days, insiders have bought 700,000 shares of company stock worth $4,950,000. Insiders own 16.21% of the company’s stock.

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.