ADS-TEC Energy (NASDAQ:ADSE) Shares Down 0.3% - What's Next?

Key Points

• ADS-TEC Energy's stock dropped 0.3% during mid-day trading, reaching a price of $12.20, with trading volume down by 30% compared to its average daily volume.
• Wall Street Zen downgraded ADS-TEC Energy from a "hold" to a "sell" rating, although the overall consensus rating remains a "Strong Buy" from one analyst.
• Several institutional investors have significantly increased their stakes in ADS-TEC Energy, with institutions holding approximately 51.65% of the company's stock.

ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report)'s stock price dropped 0.3% during mid-day trading on Tuesday . The company traded as low as $11.92 and last traded at $12.20. Approximately 48,684 shares traded hands during trading, a decline of 30% from the average daily volume of 69,308 shares. The stock had previously closed at $12.24.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of ADS-TEC Energy from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, ADS-TEC Energy has a consensus rating of "Strong Buy".

ADS-TEC Energy Stock Down 0.3%

The business has a fifty day moving average of $11.88 and a 200 day moving average of $12.73.

Institutional Investors Weigh In On ADS-TEC Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in ADS-TEC Energy by 132.6% in 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. Geode Capital Management LLC boosted its holdings in ADS-TEC Energy by 11.9% in 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. Renaissance Technologies LLC bought a new stake in ADS-TEC Energy in the fourth quarter worth $313,000. Raymond James Financial Inc. bought a new stake in ADS-TEC Energy in the fourth quarter worth $621,000. Finally, Bank of America Corp DE bought a new stake in ADS-TEC Energy in the fourth quarter worth $53,000. 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.

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