ADS-TEC Energy (NASDAQ:ADSE) Trading 4.8% Higher – Should You Buy?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price traded up 4.8% during trading on Tuesday . The company traded as high as $12.16 and last traded at $12.07. 8,107 shares changed hands during trading, a decline of 92% from the average session volume of 99,229 shares. The stock had previously closed at $11.51.

Analyst Ratings Changes

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

ADS-TEC Energy Trading Down 2.8 %

The stock’s fifty day simple moving average is $14.57 and its two-hundred day simple moving average is $14.23.

Institutional Investors Weigh In On ADS-TEC Energy

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in 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 acquiring an additional 1,185 shares during the period. Bank of America Corp DE acquired a new position in ADS-TEC Energy during the 4th quarter valued at approximately $53,000. GAMMA Investing LLC bought a new position in ADS-TEC Energy during the 4th quarter worth $69,000. Renaissance Technologies LLC acquired a new stake in ADS-TEC Energy in the fourth quarter worth $313,000. Finally, Geode Capital Management LLC increased its position 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 worth $425,000 after buying an additional 4,154 shares during the period. Institutional investors 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.