Advent Technologies (NASDAQ:ADN) Trading Down 16.5% – What’s Next?

Shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) traded down 16.5% during trading on Monday . The company traded as low as $3.56 and last traded at $3.74. 30,285 shares were traded during trading, a decline of 91% from the average session volume of 326,520 shares. The stock had previously closed at $4.48.

Advent Technologies Trading Down 16.5 %

The business’s 50 day moving average is $5.30 and its 200 day moving average is $4.24. The stock has a market capitalization of $9.86 million, a PE ratio of -0.14 and a beta of 0.48.

Advent Technologies (NASDAQ:ADN) last released its quarterly earnings results on Friday, December 27th. The company reported ($3.65) EPS for the quarter. Advent Technologies had a negative return on equity of 442.47% and a negative net margin of 1,101.58%.

Institutional Investors Weigh In On Advent Technologies

An institutional investor recently raised its position in Advent Technologies stock. Geode Capital Management LLC boosted its stake in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 15.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,239 shares of the company’s stock after buying an additional 2,723 shares during the quarter. Geode Capital Management LLC owned approximately 0.77% of Advent Technologies worth $101,000 as of its most recent SEC filing. 17.52% of the stock is owned by institutional investors and hedge funds.

Advent Technologies Company Profile

Advent Technologies Holdings, Inc, an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets in North America, Europe, and Asia. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems.