ADS-TEC Energy (NASDAQ:ADSE) Stock Price Down 3.3% – What’s Next?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares dropped 3.3% during trading on Wednesday . The company traded as low as $14.73 and last traded at $14.76. Approximately 99,169 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 125,263 shares. The stock had previously closed at $15.26.

ADS-TEC Energy Price Performance

The business has a fifty day moving average price of $14.18 and a 200 day moving average price of $13.34.

Institutional Trading of ADS-TEC Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirabella Financial Services LLP grew its position in shares of ADS-TEC Energy by 10.9% in the 3rd quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock valued at $9,131,000 after buying an additional 67,043 shares during the last quarter. Geode Capital Management LLC boosted its stake in ADS-TEC Energy by 15.0% in the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock valued at $425,000 after acquiring an additional 4,154 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of ADS-TEC Energy during the fourth quarter worth about $69,000. Institutional investors and hedge funds own 51.65% of the company’s stock.

About ADS-TEC Energy

ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.