Advent Technologies (NASDAQ:ADN) Trading Down 1% – Here’s What Happened

Advent Technologies Holdings, Inc. (NASDAQ:ADN)’s stock price dropped 1% on Monday . The stock traded as low as $1.94 and last traded at $1.97. Approximately 28,205 shares were traded during trading, a decline of 65% from the average daily volume of 79,545 shares. The stock had previously closed at $1.99.

Advent Technologies Stock Performance

The firm has a market cap of $5.26 million, a price-to-earnings ratio of -0.07 and a beta of 0.74. The company’s fifty day moving average is $2.26 and its two-hundred day moving average is $3.52.

Advent Technologies (NASDAQ:ADN) last released its earnings results on Monday, June 30th. The company reported ($1.24) earnings per share for the quarter. The firm had revenue of $0.13 million for the quarter.

Institutional Investors Weigh In On Advent Technologies

An institutional investor recently raised its position in Advent Technologies stock. Geode Capital Management LLC increased its stake in Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 15.5% in the 4th quarter, according to its most recent Form 13F filing 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 approximately 0.77% of Advent Technologies worth $101,000 at the end of the most recent reporting period. Institutional investors own 17.52% of the company’s stock.

About Advent Technologies

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.