Amphion Innovations (LON:AMP) Shares Cross Below 50 Day Moving Average – Here’s Why

Shares of Amphion Innovations Plc (LON:AMP) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 2.40 and traded as low as GBX 1.80. Amphion Innovations shares last traded at GBX 1.93, with a volume of 303,146 shares traded.

Amphion Innovations Stock Up 3.9%

The company has a debt-to-equity ratio of 28.24, a current ratio of 1.09 and a quick ratio of 0.56. The stock has a market capitalization of £14.39 million and a PE ratio of -0.99. The company has a 50 day moving average price of GBX 2.38 and a 200-day moving average price of GBX 2.60.

Amphion Innovations (LON:AMP) last announced its earnings results on Wednesday, September 23rd. The company reported GBX (1) EPS for the quarter.

Insider Buying and Selling at Amphion Innovations

In related news, insider John Anthony Clifford Woodley acquired 500,000 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was acquired at an average cost of GBX 2 per share, for a total transaction of £10,000. Also, insider Duncan Black bought 750,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was bought at an average cost of GBX 2 per share, with a total value of £15,000. 1.15% of the stock is currently owned by corporate insiders.

Amphion Innovations Company Profile

Ampeak Energy is a global developer, owner and operator of sustainable energy projects. Ampeak Energy owns the world’s flagship tidal stream project, MeyGen. Ampeak Energy is also the owner of the Uskmouth Power Station site that is being repurposed into a sustainable energy park, initially housing one of the UK’s largest battery energy storage projects. https://www.ampeak.energy