AFC Energy (LON:AFC) Stock Price Down 7.8% – Here’s What Happened

AFC Energy plc (LON:AFC) shares were down 7.8% on Thursday . The company traded as low as GBX 8.40 ($0.11) and last traded at GBX 8.58 ($0.11). Approximately 4,606,230 shares changed hands during trading, an increase of 73% from the average daily volume of 2,654,943 shares. The stock had previously closed at GBX 9.30 ($0.12).

AFC Energy Stock Performance

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 firm has a market cap of £70.91 million, a P/E ratio of -276.67 and a beta of 2.96. The firm’s fifty day moving average price is GBX 12.46 and its 200 day moving average price is GBX 16.51.

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.