Afentra (LON:AET) Shares Break Below 200 Day Moving Average – What’s Next?

Afentra plc (LON:AET)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 67.84 and traded as low as GBX 67. Afentra shares last traded at GBX 67.40, with a volume of 336,890 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 135 price objective on shares of Afentra in a research report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Afentra has a consensus rating of “Buy” and an average price target of GBX 124.

Afentra Price Performance

The company’s fifty day simple moving average is GBX 74.44 and its 200 day simple moving average is GBX 67.84. The company has a quick ratio of 28.92, a current ratio of 1.45 and a debt-to-equity ratio of 51.83. The firm has a market capitalization of £182.41 million, a PE ratio of -14.65 and a beta of 0.09.

About Afentra

Afentra plc, together with its subsidiaries, operates as an upstream oil and gas company primarily in Africa. The company is involved in the appraisal, exploration, development, and production of oil and gas. It holds 34% interest in an exploration project covering approximately 22,840 square kilometers located in Somaliland. Afentra plc was formerly known as Sterling Energy plc and changed its name to Afentra plc in May 2021. The company was incorporated in 1983 and is based in London, the United Kingdom.