ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report)'s stock price was down 0.1% on Monday . The company traded as low as $9.95 and last traded at $10.38. Approximately 88,417 shares traded hands during trading, a decline of 20% from the average daily volume of 110,506 shares. The stock had previously closed at $10.39.
Analysts Set New Price Targets
A number of research firms have recently commented on ADSE. Weiss Ratings reiterated a "sell (d-)" rating on shares of ADS-TEC Energy in a report on Wednesday, October 8th. Wall Street Zen raised ADS-TEC Energy from a "sell" rating to a "hold" rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, ADS-TEC Energy currently has a consensus rating of "Moderate Buy".
View Our Latest Analysis on ADS-TEC Energy
ADS-TEC Energy Price Performance
The business's 50-day simple moving average is $10.90 and its 200 day simple moving average is $11.67.
Hedge Funds Weigh In On ADS-TEC Energy
Institutional investors have recently made changes to their positions in the business. Mirabella Financial Services LLP raised its stake in shares of ADS-TEC Energy by 7.0% in the second quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company's stock worth $227,352,000 after buying an additional 1,076,423 shares during the period. Simplex Trading LLC purchased a new stake in ADS-TEC Energy in the 2nd quarter worth approximately $83,000. Bank of America Corp DE purchased a new stake in ADS-TEC Energy in the 4th quarter worth approximately $53,000. First Trust Advisors LP raised its stake in ADS-TEC Energy by 2.4% during the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company's stock worth $1,886,000 after acquiring an additional 3,183 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in ADS-TEC Energy by 33.3% during the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company's stock valued at $173,000 after purchasing an additional 3,133 shares in the last quarter. Institutional investors 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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