AFC Energy (LON:AFC) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

AFC Energy plc (LON:AFC) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 15.77 ($0.20) and traded as low as GBX 8.06 ($0.10). AFC Energy shares last traded at GBX 8.31 ($0.11), with a volume of 1,379,729 shares changing hands.

AFC Energy Trading Down 3.4 %

The firm has a market capitalization of £71.00 million, a price-to-earnings ratio of -277.00 and a beta of 2.96. The business’s 50-day moving average price is GBX 11.23 and its 200 day moving average price is GBX 15.77. 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 Company Profile

AFC Energy plc engages in the development of fuel cell and fuel processing technology and equipment in the United Kingdom. The company provides air cooled and liquid cooled fuel cells, including H-Power Tower, a S series fuel cell generator, and L series fuel cell generators. It is developing H-power generator S series fuel cell, a modular compact; H-power generator S+ series fuel cell diesel generator alternative; ammonia cracker, a technology to convert ammonia into hydrogen; and methanol fuel tower, a technology solution for conversion of carrier fuel methanol into hydrogen.