ADS-TEC Energy (NASDAQ:ADSE) Trading Down 2.5% – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSEGet Free Report) traded down 2.5% during mid-day trading on Friday . The company traded as low as $13.64 and last traded at $13.70. 23,736 shares were traded during trading, a decline of 85% from the average session volume of 161,193 shares. The stock had previously closed at $14.05.

Wall Street Analysts Forecast Growth

Separately, Roth Capital upgraded shares of ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th.

View Our Latest Research Report on ADSE

ADS-TEC Energy Stock Performance

The stock has a 50 day moving average price of $15.01 and a two-hundred day moving average price of $14.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Mirabella Financial Services LLP grew its holdings in shares of ADS-TEC Energy by 10.9% during the 3rd quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock worth $9,131,000 after purchasing an additional 67,043 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of ADS-TEC Energy by 15.0% during the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after buying an additional 4,154 shares in the last quarter. GAMMA Investing LLC acquired a new position in ADS-TEC Energy in the fourth quarter worth $69,000. Raymond James Financial Inc. bought a new stake in ADS-TEC Energy during the 4th quarter worth about $621,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of ADS-TEC Energy by 132.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,185 shares in the last quarter. Institutional investors and hedge funds own 51.65% of the company’s stock.

About ADS-TEC Energy

(Get Free Report)

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.

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