AFC Energy (LON:AFC) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

by · The Markets Daily

AFC Energy plc (LON:AFC – Get Free Report)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 9.27 and traded as high as GBX 9.58. AFC Energy shares last traded at GBX 9.58, with a volume of 5,515,357 shares changing hands.

Analysts Set New Price Targets

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

Read Our Latest Report on AFC Energy

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 company has a market capitalization of £110.21 million, a PE ratio of -4.23 and a beta of 2.96. The stock’s 50 day simple moving average is GBX 9.30 and its 200-day simple moving average is GBX 10.63.

Insider Buying and Selling at AFC Energy

In other AFC Energy news, insider John Wilson bought 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The shares were purchased at an average cost of GBX 9 per share, with a total value of £27,000. Company insiders own 4.41% of the company’s stock.

AFC Energy Company Profile

(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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