Advent Technologies (NASDAQ:ADN) Shares Down 16.5% – Here’s What Happened

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

Advent Technologies Trading Down 3.6 %

The firm has a market cap of $11.44 million, a price-to-earnings ratio of -0.16 and a beta of 0.48. The company has a fifty day moving average price of $5.28 and a 200-day moving average price of $4.25.

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

Institutional Investors Weigh In On Advent Technologies

An institutional investor recently raised its position in Advent Technologies stock. Geode Capital Management LLC lifted its stake in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 15.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,239 shares of the company’s stock after purchasing an additional 2,723 shares during the period. Geode Capital Management LLC owned 0.77% of Advent Technologies worth $101,000 as of its most recent SEC filing. Institutional investors own 17.52% of the company’s stock.

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.