AFC Energy (LON:AFC) Stock Crosses Above Fifty Day Moving Average – Here’s Why

AFC Energy plc (LON:AFC)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 9.26 and traded as high as GBX 9.73. AFC Energy shares last traded at GBX 9.70, with a volume of 10,695,325 shares.

Wall Street Analyst Weigh In

Separately, Peel Hunt reissued a “buy” rating on shares of AFC Energy in a report on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

AFC Energy Stock Performance

The company has a market capitalization of £102.97 million, a price-to-earnings ratio of -3.96 and a beta of 2.96. 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 business’s 50 day moving average price is GBX 9.26 and its two-hundred day moving average price is GBX 10.64.

Insider Activity at AFC Energy

In other news, insider John Wilson purchased 300,000 shares of the company’s stock in a transaction dated Tuesday, October 14th. The stock was bought at an average cost of GBX 9 per share, for a total transaction of £27,000. Insiders own 4.41% 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.