Advent Technologies (NASDAQ:ADN) Shares Down 7.1%

Advent Technologies Holdings, Inc. (NASDAQ:ADN) shares fell 7.1% during mid-day trading on Friday . The company traded as low as $2.83 and last traded at $3.14. 42,009 shares traded hands during trading, an increase of 17% from the average session volume of 35,906 shares. The stock had previously closed at $3.38.

Advent Technologies Trading Down 7.1 %

The stock’s fifty day simple moving average is $3.33 and its 200-day simple moving average is $12.81. The stock has a market capitalization of $6.54 million, a PE ratio of -0.06 and a beta of 0.15.

Advent Technologies (NASDAQ:ADN) last released its quarterly earnings results on Tuesday, August 20th. The company reported ($10.32) earnings per share for the quarter. The firm had revenue of $1.51 million for the quarter. Advent Technologies had a negative return on equity of 165.25% and a negative net margin of 1,469.38%.

Hedge Funds Weigh In On Advent Technologies

An institutional investor recently bought a new position in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 355,687 shares of the company’s stock, valued at approximately $64,000. Mirae Asset Global Investments Co. Ltd. owned 0.57% of Advent Technologies as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.