Wall Street Zen lowered shares of ADS-TEC Energy (NASDAQ:ADSE - Free Report) from a hold rating to a sell rating in a research note released on Saturday morning.
Separately, Roth Capital upgraded ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 19th.
Read Our Latest Stock Report on ADSE
ADS-TEC Energy Trading Up 4.1%
Shares of NASDAQ:ADSE traded up $0.43 on Friday, hitting $11.00. The company's stock had a trading volume of 50,881 shares, compared to its average volume of 108,978. ADS-TEC Energy has a 12 month low of $9.00 and a 12 month high of $16.35. The stock's 50-day moving average is $12.26 and its two-hundred day moving average is $13.78.
Institutional Investors Weigh In On ADS-TEC Energy
Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted 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 purchasing an additional 1,185 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of ADS-TEC Energy during the fourth quarter valued at $53,000. Renaissance Technologies LLC purchased a new stake in shares of ADS-TEC Energy during the fourth quarter valued at $313,000. Geode Capital Management LLC lifted its holdings 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 valued at $552,000 after purchasing an additional 3,771 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of ADS-TEC Energy during the fourth quarter valued at $621,000. 51.65% of the stock is owned by hedge funds and other institutional investors.
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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