Advent Technologies (NASDAQ:ADN) Stock Price Up 12.4% – Here’s Why

Advent Technologies Holdings, Inc. (NASDAQ:ADN)’s stock price traded up 12.4% during trading on Thursday . The company traded as high as $2.38 and last traded at $2.35. 33,034 shares were traded during trading, a decline of 90% from the average session volume of 325,584 shares. The stock had previously closed at $2.09.

Advent Technologies Stock Performance

The firm has a market capitalization of $6.19 million, a P/E ratio of -0.09 and a beta of 0.72. The firm has a 50 day moving average price of $3.18 and a two-hundred day moving average price of $4.61.

Institutional Trading of Advent Technologies

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