Advent Technologies (NASDAQ:ADN) Stock Price Down 67.9% – Here’s What Happened

Advent Technologies Holdings, Inc. (NASDAQ:ADN)’s share price was down 67.9% on Wednesday . The stock traded as low as $0.90 and last traded at $0.87. Approximately 4,528,614 shares traded hands during mid-day 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 Analyst Weigh In

ADN has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Advent Technologies in a research report on Wednesday, October 8th. Wall Street Zen upgraded Advent Technologies to a “hold” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Advent Technologies presently has a consensus rating of “Sell”.

Advent Technologies Price Performance

The business’s 50-day moving average price is $2.02 and its 200 day moving average price is $2.49. The firm has a market capitalization of $3.18 million, a price-to-earnings ratio of -0.14 and a beta of 0.81.

Advent Technologies (NASDAQ:ADN) last announced its earnings results on Monday, November 17th. The company reported $2.92 earnings per share (EPS) for the quarter. The business had revenue of $0.06 million for the quarter.

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.