ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down to $12.88

ADS-TEC Energy PLC (NASDAQ:ADSE) gapped down prior to trading on Thursday . The stock had previously closed at $12.88, but opened at $12.60. ADS-TEC Energy shares last traded at $12.60, with a volume of 2,430 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “neutral” rating and set a $14.00 price target on shares of ADS-TEC Energy in a research note on Wednesday, May 15th.

ADS-TEC Energy Stock Up 0.4 %

The business has a fifty day moving average of $12.07 and a 200 day moving average of $10.89.

Institutional Trading of ADS-TEC Energy

An institutional investor recently bought a new position in ADS-TEC Energy stock. Crewe Advisors LLC purchased a new position in ADS-TEC Energy PLC (NASDAQ:ADSE) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,200 shares of the company’s stock, valued at approximately $149,000. 51.65% of the stock is currently owned by hedge funds and other institutional investors.

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.