AFC Energy (LON:AFC) Shares Pass Below 200 Day Moving Average – Time to Sell?

AFC Energy plc (LON:AFC) shares crossed 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.

AFC Energy Trading Down 3.4 %

The firm’s 50 day simple moving average is GBX 11.23 and its 200-day simple moving average is GBX 15.77. The company has a quick ratio of 12.18, a current ratio of 4.87 and a debt-to-equity ratio of 2.13. The company has a market capitalization of £71.00 million, a PE ratio of -277.00 and a beta of 2.96.

About AFC Energy

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.