ADS-TEC Energy (NASDAQ:ADSE) Shares Down 5.3% - Should You Sell?

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) fell 5.3% on Tuesday . The stock traded as low as $13.00 and last traded at $13.08. 3,475 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 107,119 shares. The stock had previously closed at $13.80.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered ADS-TEC Energy from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th.

ADS-TEC Energy Stock Down 9.3%

The firm has a fifty day moving average of $12.39 and a 200-day moving average of $13.69.

Institutional Investors Weigh In On ADS-TEC Energy

Several institutional investors have recently modified their holdings of the business. 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 during the period. Bank of America Corp DE acquired a new position in shares of ADS-TEC Energy during the 4th quarter worth about $53,000. Renaissance Technologies LLC acquired a new position in shares of ADS-TEC Energy during the 4th quarter worth about $313,000. Geode Capital Management LLC increased its stake in shares of ADS-TEC Energy by 11.9% in the 4th quarter. Geode Capital Management LLC now owns 35,572 shares of the company's stock valued at $552,000 after acquiring an additional 3,771 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of ADS-TEC Energy in the 4th quarter valued at approximately $621,000. Institutional investors and hedge funds own 51.65% of the company's stock.

About ADS-TEC Energy

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.