AFC Energy (LON:AFC) Trading Down 7.5% – Should You Sell?

AFC Energy plc (LON:AFC) shares dropped 7.5% during trading on Friday . The company traded as low as GBX 6.61 ($0.09) and last traded at GBX 7.23 ($0.09). Approximately 7,011,104 shares were traded during trading, an increase of 155% from the average daily volume of 2,745,543 shares. The stock had previously closed at GBX 7.82 ($0.10).

AFC Energy Stock Performance

The stock has a market capitalization of £63.32 million, a price-to-earnings ratio of -260.67 and a beta of 2.96. The company has a debt-to-equity ratio of 2.13, a quick ratio of 12.18 and a current ratio of 4.87. The stock has a fifty day simple moving average of GBX 11.89 and a two-hundred day simple moving average of GBX 16.15.

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.