ADS-TEC Energy (NASDAQ:ADSE) Trading Down 6.3% – Time to Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price was down 6.3% on Tuesday . The stock traded as low as $13.49 and last traded at $13.92. Approximately 31,455 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 171,626 shares. The stock had previously closed at $14.85.

Analyst Ratings Changes

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

ADS-TEC Energy Stock Down 3.0 %

The firm has a fifty day simple moving average of $15.12 and a 200-day simple moving average of $13.95.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of ADS-TEC Energy by 132.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock valued at $32,000 after buying an additional 1,185 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of ADS-TEC Energy in the fourth quarter worth approximately $53,000. GAMMA Investing LLC purchased a new stake in shares of ADS-TEC Energy in the fourth quarter worth approximately $69,000. Renaissance Technologies LLC bought a new position in shares of ADS-TEC Energy in the fourth quarter valued at approximately $313,000. Finally, Geode Capital Management LLC boosted its position 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 valued at $425,000 after buying an additional 4,154 shares during the last quarter. Institutional investors and hedge funds own 51.65% of the company’s stock.

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.