Amphion Innovations (LON:AMP) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Amphion Innovations Plc (LON:AMPGet Free Report)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 2.40 ($0.03) and traded as low as GBX 2.22 ($0.03). Amphion Innovations shares last traded at GBX 2.26 ($0.03), with a volume of 1,378,479 shares trading hands.

Amphion Innovations Price Performance

The firm has a market capitalization of £16.46 million and a price-to-earnings ratio of -0.76. The business’s 50-day simple moving average is GBX 2.40. The company has a debt-to-equity ratio of 28.24, a quick ratio of 0.56 and a current ratio of 1.09.

Insiders Place Their Bets

In other Amphion Innovations news, insider Duncan Black bought 750,000 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was acquired at an average price of GBX 2 per share, with a total value of £15,000. Company insiders own 1.12% of the company’s stock.

Amphion Innovations Company Profile

(Get Free Report)

Ampeak Energy is a global developer, owner and operator of sustainable energy projects. Ampeak Energy owns the world’s flagship tidal stream project, MeyGen. Ampeak Energy is also the owner of the Uskmouth Power Station site that is being repurposed into a sustainable energy park, initially housing one of the UK’s largest battery energy storage projects.

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