Advent Technologies (NASDAQ:ADN) Shares Down 67.9% – Should You Sell?

Shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) dropped 67.9% during mid-day trading on Tuesday . The company traded as low as $0.90 and last traded at $0.87. Approximately 4,528,614 shares traded hands during trading, an increase of 1,067% from the average daily volume of 388,017 shares. The stock had previously closed at $2.71.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ADN. Wall Street Zen upgraded Advent Technologies to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Advent Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Advent Technologies Stock Performance

The stock has a market cap of $3.18 million, a PE ratio of -0.14 and a beta of 0.81. The business has a 50 day moving average price of $2.77 and a two-hundred day moving average price of $2.69.

Advent Technologies (NASDAQ:ADN) last issued its earnings results on Tuesday, August 12th. The company reported ($1.42) earnings per share for the quarter.

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.