Wall Street Zen cut shares of ADS-TEC Energy (NASDAQ:ADSE - Free Report) from a hold rating to a sell rating in a report issued on Saturday morning.
Separately, Roth Capital upgraded shares of ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 19th.
Check Out Our Latest Report on ADSE
ADS-TEC Energy Stock Performance
Shares of NASDAQ:ADSE traded up $0.43 during trading on Friday, hitting $12.43. The company's stock had a trading volume of 94,078 shares, compared to its average volume of 109,498. The business has a 50 day moving average price of $12.28 and a two-hundred day moving average price of $13.75. ADS-TEC Energy has a fifty-two week low of $9.00 and a fifty-two week high of $16.35.
Hedge Funds Weigh In On ADS-TEC Energy
Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake 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 worth $32,000 after purchasing an additional 1,185 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of ADS-TEC Energy during the fourth quarter worth $53,000. Renaissance Technologies LLC acquired a new position in shares of ADS-TEC Energy during the fourth quarter worth $313,000. Geode Capital Management LLC grew its stake in shares of ADS-TEC Energy by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 35,572 shares of the company's stock worth $552,000 after purchasing an additional 3,771 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in ADS-TEC Energy in the fourth quarter valued at $621,000. Institutional investors and hedge funds own 51.65% of the company's stock.
About ADS-TEC Energy
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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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