ADS-TEC Energy (NASDAQ:ADSE) Trading Down 3.3% – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price dropped 3.3% during mid-day trading on Wednesday . The stock 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 Stock Up 3.7 %

The firm has a 50 day moving average price of $14.23 and a 200-day moving average price of $13.36.

Hedge Funds Weigh In On ADS-TEC Energy

Institutional investors have recently bought and sold shares of the business. Mirabella Financial Services LLP increased its stake in shares of ADS-TEC Energy by 10.9% in the third quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock worth $9,131,000 after acquiring an additional 67,043 shares during the period. Geode Capital Management LLC grew its position in ADS-TEC Energy by 15.0% during the 3rd quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after purchasing an additional 4,154 shares during the period. Finally, GAMMA Investing LLC purchased a new position in shares of ADS-TEC Energy during the 4th quarter valued at about $69,000. 51.65% of the stock is owned by hedge funds and other institutional investors.

ADS-TEC Energy Company Profile

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.