AFC Energy (LON:AFC) Hits New 52-Week Low at $11.70

AFC Energy plc (LON:AFC)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 11.70 ($0.15) and last traded at GBX 12.50 ($0.16), with a volume of 3645352 shares. The stock had previously closed at GBX 12.60 ($0.17).

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued an “outperform” rating and set a GBX 4,000 ($52.60) price objective on shares of AFC Energy in a research report on Monday, May 13th.

AFC Energy Stock Performance

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 business has a fifty day simple moving average of GBX 15.06 and a 200-day simple moving average of GBX 17.49. The firm has a market cap of £105.06 million, a P/E ratio of -410.67 and a beta of 2.96.

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.