AFC Energy (LON:AFC) Sets New 1-Year Low – Time to Sell?

AFC Energy plc (LON:AFC)’s share price reached a new 52-week low on Monday . The company traded as low as GBX 5 ($0.06) and last traded at GBX 5.91 ($0.08), with a volume of 2896111 shares. The stock had previously closed at GBX 5.81 ($0.07).

AFC Energy Stock Up 1.8 %

The company has a market capitalization of £50.57 million, a P/E ratio of -2.26 and a beta of 2.96. The company has a 50 day moving average of GBX 7.61 and a 200-day moving average of GBX 8.99. The company has a debt-to-equity ratio of 2.13, a current ratio of 4.87 and a quick ratio of 12.18.

AFC Energy (LON:AFC) last announced 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, equities analysts anticipate that AFC Energy plc will post -1.9 EPS for the current year.

Insiders Place Their Bets

In other AFC Energy news, insider Karl Bostock bought 250,000 shares of AFC Energy stock in a transaction on Thursday, February 6th. The stock was acquired at an average price of GBX 9 ($0.11) per share, with a total value of £22,500 ($28,640.53). Also, insider Gary Bullard acquired 100,000 shares of AFC Energy stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average price of GBX 6 ($0.08) per share, with a total value of £6,000 ($7,637.47). Over the last 90 days, insiders bought 700,000 shares of company stock worth $4,950,000. 16.21% of the stock is owned by corporate 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.