AFC Energy (LON:AFC) Stock Crosses Below 200 Day Moving Average – What’s Next?

AFC Energy plc (LON:AFC)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 10.48 and traded as low as GBX 8.30. AFC Energy shares last traded at GBX 8.45, with a volume of 5,016,240 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reaffirmed a “buy” rating on shares of AFC Energy in a research note on Monday, September 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, AFC Energy presently has an average rating of “Buy”.

AFC Energy Stock Up 0.8%

The company’s fifty day simple moving average is GBX 9.24 and its 200 day simple moving average is GBX 10.48. The company has a current ratio of 4.87, a quick ratio of 12.18 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of £95.62 million, a P/E ratio of -3.67 and a beta of 2.96.

Insider Transactions at AFC Energy

In related news, insider John Wilson acquired 300,000 shares of the stock in a transaction on Tuesday, October 14th. The stock was acquired at an average cost of GBX 9 per share, for a total transaction of £27,000. Also, insider Gary Bullard acquired 100,000 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were purchased at an average cost of GBX 9 per share, for a total transaction of £9,000. Over the last three months, insiders purchased 550,000 shares of company stock valued at $4,950,000. 4.41% of the stock is owned by insiders.

About AFC Energy

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.