Zacks: Brokerages Expect Advent Technologies Holdings, Inc. (NASDAQ:ADN) to Announce -$0.13 Earnings Per Share

Wall Street brokerages expect Advent Technologies Holdings, Inc. (NASDAQ:ADN) to report earnings of ($0.13) per share for the current quarter, according to Zacks. Zero analysts have made estimates for Advent Technologies’ earnings. The firm is expected to issue its next quarterly earnings results on Thursday, November 11th.

On average, analysts expect that Advent Technologies will report full year earnings of ($0.45) per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of ($0.50) per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Advent Technologies.

Advent Technologies (NASDAQ:ADN) last released its earnings results on Wednesday, August 11th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). The business had revenue of $1.00 million for the quarter.

A number of equities analysts have issued reports on ADN shares. Zacks Investment Research lowered Advent Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, August 17th. Jefferies Financial Group started coverage on Advent Technologies in a research note on Tuesday, July 6th. They set a “buy” rating and a $18.00 target price for the company.

Large investors have recently made changes to their positions in the company. Clearstead Advisors LLC bought a new stake in shares of Advent Technologies during the 1st quarter worth $37,000. Rhumbline Advisers purchased a new stake in shares of Advent Technologies during the second quarter valued at $109,000. Pinz Capital Management LP acquired a new position in shares of Advent Technologies in the 1st quarter valued at $130,000. New York State Common Retirement Fund purchased a new position in Advent Technologies in the 2nd quarter worth about $141,000. Finally, Morgan Stanley acquired a new stake in Advent Technologies during the 2nd quarter worth about $146,000. Institutional investors own 31.60% of the company’s stock.

Shares of NASDAQ ADN traded up $0.42 during mid-day trading on Friday, reaching $8.88. 1,305,924 shares of the company traded hands, compared to its average volume of 239,820. Advent Technologies has a fifty-two week low of $6.56 and a fifty-two week high of $19.21. The firm has a market cap of $409.46 million, a PE ratio of -98.67 and a beta of 0.38. The stock has a fifty day simple moving average of $7.88 and a 200-day simple moving average of $10.33.

Advent Technologies Company Profile

Advent Technologies Holdings, Inc operates as an advanced materials and technology development company. It develops, manufactures and assembles hydrogen fuel cell components. The company is headquartered in Boston, MA.

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