ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) was down 5.3% on Tuesday . The stock traded as low as $13.00 and last traded at $13.08. Approximately 3,475 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 107,119 shares. The stock had previously closed at $13.80.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of ADS-TEC Energy from a "hold" rating to a "sell" rating in a report on Saturday, June 14th.
Read Our Latest Analysis on ADS-TEC Energy
ADS-TEC Energy Stock Performance
The firm's 50-day simple moving average is $12.36 and its two-hundred day simple moving average is $13.67.
Institutional Investors Weigh In On ADS-TEC Energy
A number of large investors have recently made changes to their positions in ADSE. GAMMA Investing LLC lifted its position in ADS-TEC Energy by 1,420.5% during the 1st quarter. GAMMA Investing LLC now owns 67,875 shares of the company's stock worth $1,018,000 after acquiring an additional 63,411 shares during the period. Robert Bosch GmbH purchased a new position in shares of ADS-TEC Energy in the fourth quarter worth about $162,273,000. Renaissance Technologies LLC acquired a new stake in shares of ADS-TEC Energy during the fourth quarter worth about $313,000. Raymond James Financial Inc. acquired a new stake in shares of ADS-TEC Energy during the fourth quarter worth about $621,000. Finally, JPMorgan Chase & Co. boosted its position in ADS-TEC Energy by 132.6% in 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. 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.
Further Reading
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