Advent Technologies (NASDAQ:ADN) Shares Down 7.1%

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

Advent Technologies Stock Down 7.1 %

The firm has a 50 day moving average price of $3.35 and a two-hundred day moving average price of $12.79. The company has a market capitalization of $6.54 million, a price-to-earnings ratio of -0.06 and a beta of 0.15.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. bought a new position in Advent Technologies Holdings, Inc. (NASDAQ:ADN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 355,687 shares of the company’s stock, valued at approximately $64,000. Mirae Asset Global Investments Co. Ltd. owned about 0.57% of Advent Technologies at the end of the most recent quarter. 17.52% of the stock is owned by hedge funds and other institutional investors.

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.