Advent Technologies (NASDAQ:ADN) Shares Set to Reverse Split on Friday, May 31st

Advent Technologies Holdings, Inc. (NASDAQ:ADN)’s stock is going to reverse split before the market opens on Friday, May 31st. The 1-30 reverse split was announced on Wednesday, May 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, May 31st.

Advent Technologies Stock Up 12.0 %

Shares of NASDAQ:ADN opened at $3.46 on Thursday. Advent Technologies has a 12-month low of $2.77 and a 12-month high of $33.90. The business has a 50 day moving average of $0.59 and a 200-day moving average of $0.38. The stock has a market cap of $7.20 million, a PE ratio of -0.07 and a beta of 0.17.

Institutional Investors Weigh In On Advent Technologies

An institutional investor recently bought a new position in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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 at the end of the most recent reporting period. 17.52% of the stock is currently owned by institutional investors and hedge funds.

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.